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BA On Verge Of Announcing IB Merger This Friday  
User currently offlineOA260 From Ireland, joined Nov 2006, 26506 posts, RR: 58
Posted (4 years 5 months 1 week 3 days 13 hours ago) and read 8270 times:

According to Sky News BA could announce final agreement on IB merger in 48 hours. Seems the obstacles that prevented an announcement sooner have been ironed out.


AEGEAN-OLYMPIC AIR - ΟΛΥΜΠΙΑΚΗ " μέλος στη Star Alliance
34 replies: All unread, showing first 25:
 
User currently offlineSKY1 From Spain, joined Apr 2006, 879 posts, RR: 4
Reply 1, posted (4 years 5 months 1 week 3 days 12 hours ago) and read 8105 times:

http://blogs.news.sky.com/kleinman/P...44786a-5e84-4c42-abe9-55c56a47c2ad

Both companies are working towards making an announcement as early as Friday

This is not the first time in the last year that it has been said, anyway. Let's wait 2 more days ...and see.



Time flies! Enjoy life!
User currently offlineOA260 From Ireland, joined Nov 2006, 26506 posts, RR: 58
Reply 2, posted (4 years 5 months 1 week 3 days ago) and read 7589 times:

The new company being based in Spain will not please the UK Unions.


AEGEAN-OLYMPIC AIR - ΟΛΥΜΠΙΑΚΗ " μέλος στη Star Alliance
User currently offlineAircatalonia From Spain, joined Nov 2007, 541 posts, RR: 0
Reply 3, posted (4 years 5 months 1 week 3 days ago) and read 7523 times:

We will miss the speculation if it turns out to be true. It's been 3 years with the "IB and BA imminent merger"  

BTW: IB is up 10% in the stock market right now.

[Edited 2009-11-12 03:59:09 by airCatalonia]

User currently offlineJayeshrulz From India, joined Apr 2007, 1027 posts, RR: 2
Reply 4, posted (4 years 5 months 1 week 3 days ago) and read 7445 times:

There were Rumors that BA change their HQ to Spain after the Merger?
Is it true?

To be frank i dont think so?
what do you think?



Keep flying, because the sky is no limit!
User currently offlineEvomutant From United Kingdom, joined May 2006, 451 posts, RR: 0
Reply 5, posted (4 years 5 months 1 week 3 days ago) and read 7410 times:



Quoting Jayeshrulz (Reply 4):
There were Rumors that BA change their HQ to Spain after the Merger?
Is it true?

To be frank i dont think so?
what do you think?

Does it work for the Spain/LatAm bilaterals?

If BA is the bigger part of the new company, that could cause problems. Having it officially HQ'd in Spain might solve them.


User currently offlineScouseflyer From United Kingdom, joined Apr 2006, 3364 posts, RR: 9
Reply 6, posted (4 years 5 months 1 week 3 days ago) and read 7400 times:



Quoting OA260 (Reply 2):
The new company being based in Spain will not please the UK Unions.

I'm sure that they'll have a good moan too but reading this quote from the original source:

"If the deal goes ahead, both BA and Iberia will continue to locate their principal operations in London and Madrid respectively, although the parent company is likely to be incorporated in Spain for tax purposes. It is also set to have stock market listings in both London and Madrid, although the latter point remained unclear tonight."

In effect they're going to continue as two separate companies owned by an new overall business so BAs headquarters will remain in the U.K.

I think that the way that this is being done will allow other airlines to be brought into the group at a later date - TAP or BMI anyone?


User currently offlineBlooBirdie From Lesotho, joined Sep 2003, 250 posts, RR: 0
Reply 7, posted (4 years 5 months 1 week 2 days 21 hours ago) and read 7031 times:

Inching closer to a deal.

From FT Alphaville (constantly updated):

Quote:
Iberia’s supervisory board has approved a merger with British Airways, El Pais reports on its website, citing people familiar with the situation. Says the ratio has been agreed at 45:55 (Iberia/BA), with the combined group’s financial HQ to be in London. Regarding management, Antonio Vazquez is said to be the group’s president and Willie Walsh the chairman. Adds that BA is also holding a board and is still pending approval.



User currently offlinePM From India, joined Feb 2005, 6840 posts, RR: 64
Reply 8, posted (4 years 5 months 1 week 2 days 21 hours ago) and read 7010 times:



Quoting OA260 (Reply 2):
The new company being based in Spain will not please the UK Unions.

Oh get real. This is 2009.


User currently offlineGlom From United Kingdom, joined Apr 2005, 2809 posts, RR: 10
Reply 9, posted (4 years 5 months 1 week 2 days 21 hours ago) and read 6959 times:

What does this mean for my BAY holdings?

User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 50
Reply 10, posted (4 years 5 months 1 week 2 days 21 hours ago) and read 6926 times:



Quoting OA260 (Reply 2):
The new company being based in Spain will not please the UK Unions.

According to El Pais breaking news agreement has been reached that the HQ of the merged airline will be in London while the CEO will be Antonio Vázquez, current CEO of IB.

In the resulting holding, BA will have 55% and IB 45%.

Rgs,


User currently offlineAirCatalonia From Spain, joined Nov 2007, 541 posts, RR: 0
Reply 11, posted (4 years 5 months 1 week 2 days 21 hours ago) and read 6903 times:



Quoting Glom (Reply 9):
What does this mean for my BAY holdings?

It means they are up 10% today, and IB up 13%.

Good for you  Wink


User currently offlineBalZ18 From United States of America, joined Oct 2008, 143 posts, RR: 0
Reply 12, posted (4 years 5 months 1 week 2 days 21 hours ago) and read 6798 times:

Ok so if this really does happen then how does it look with the AA/BA venture?


First class or no class...
User currently offlineGlom From United Kingdom, joined Apr 2005, 2809 posts, RR: 10
Reply 13, posted (4 years 5 months 1 week 2 days 21 hours ago) and read 6723 times:



Quoting Hardiwv (Reply 10):
According to El Pais breaking news agreement has been reached that the HQ of the merged airline will be in London while the CEO will be Antonio Vázquez, current CEO of IB.

In the resulting holding, BA will have 55% and IB 45%.

Will it be a AF/KL type affair, where the individual brandings are retained?

Quoting AirCatalonia (Reply 11):
It means they are up 10% today, and IB up 13%.

What will happen to them when the merger goes ahead?


User currently offlineIADCA From United States of America, joined Feb 2007, 1243 posts, RR: 8
Reply 14, posted (4 years 5 months 1 week 2 days 21 hours ago) and read 6491 times:



Quoting Glom (Reply 13):
Quoting AirCatalonia (Reply 11):
It means they are up 10% today, and IB up 13%.

What will happen to them when the merger goes ahead?

Depends on the type of merger. Most likely, this will be done in a manner that causes old BA and IB shareholders to just automatically get shares in the new holding company.

On the sarcastic side, National Express must be licking their lips. After the pulldown of BCN and MAD, that'll be a hell of a bus ride to LHR. Somehow, it will still stop at Milton Keynes.


User currently offlineSlinky09 From United Kingdom, joined Jun 2009, 791 posts, RR: 0
Reply 15, posted (4 years 5 months 1 week 2 days 20 hours ago) and read 6319 times:



Quoting Hardiwv (Reply 10):
According to El Pais breaking news agreement has been reached that the HQ of the merged airline will be in London while the CEO will be Antonio Vázquez, current CEO of IB.

Love that, completely opposite to the UK version!

The BBC is now reporting that simultaneous board meetings at BA in London and IB in Madrid are taking place ...


User currently offlineKrisYYZ From Canada, joined Nov 2004, 1590 posts, RR: 0
Reply 16, posted (4 years 5 months 1 week 2 days 20 hours ago) and read 6018 times:

Will the merger produce an airline like KL/AF where both airlines are allowed to maintain their own corporate identity? Or will it be a melting pot merger like DL/NW ?

I don't think that this will be good for the flying public. It seems like the European skies will be ruled by major airline groups like AF/KL, LH/LX/OS and now BA/IB.

KrisYYZ


User currently offlineVV701 From United Kingdom, joined Aug 2005, 7258 posts, RR: 17
Reply 17, posted (4 years 5 months 1 week 2 days 20 hours ago) and read 5852 times:

Do not concern yourselves too much as to where the holding company will be incorporated. It does not necessarily mean much apart from under which country's laws it operates.

Air Berlin, a very German airline in any respect you care to nominate, is incorporated in the UK, is registered at the UK Companies House and has its registered office in Rickmansworth, Hertfordshire.


User currently offlineTheginge From United Kingdom, joined Oct 2006, 1126 posts, RR: 0
Reply 18, posted (4 years 5 months 1 week 2 days 18 hours ago) and read 4978 times:



Quoting KrisYYZ (Reply 16):
Will the merger produce an airline like KL/AF where both airlines are allowed to maintain their own corporate identity? Or will it be a melting pot merger like DL/NW ?

As far as being published on the news sites it is that they will maintain seperate identities.

Quoting KrisYYZ (Reply 16):
I don't think that this will be good for the flying public. It seems like the European skies will be ruled by major airline groups like AF/KL, LH/LX/OS and now BA/IB.

But this is the reality of todays world, airlines that are too small can't really survive any more.


User currently offlineRedChili From Norway, joined Jul 2005, 2179 posts, RR: 4
Reply 19, posted (4 years 5 months 1 week 2 days 18 hours ago) and read 4878 times:



Quoting KrisYYZ (Reply 16):
Will the merger produce an airline like KL/AF where both airlines are allowed to maintain their own corporate identity? Or will it be a melting pot merger like DL/NW ?



Quoting Theginge (Reply 18):
As far as being published on the news sites it is that they will maintain seperate identities.

If they would do a DL/NW merger, they would be forced to cancel a lot of routes to destinations outside the EU, as there's no open skies agreement in place between the EU and most non-EU countries. Basically, to operate flights between Spain and Argentina, you need to have an airline that's registered in Spain or Argentina. To operate flights between China and the UK, you need an airline that's registered in one of those two countries. Doing a full DL/NW style merger would basically be suicide.



Top 10 airplanes: B737, T154, B747, IL96, T134, IL62, A320, MD80, B757, DC10
User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 50
Reply 20, posted (4 years 5 months 1 week 2 days 16 hours ago) and read 4203 times:



Quoting Glom (Reply 13):
Will it be a AF/KL type affair, where the individual brandings are retained?



Quoting KrisYYZ (Reply 16):
Will the merger produce an airline like KL/AF where both airlines are allowed to maintain their own corporate identity? Or will it be a melting pot merger like DL/NW ?

IB/BA merger will be similar to KL/AF, but in the latter both the HQ and the CEO position was retained by AF. In view of the difficult financial situation BA has lost bargaining power with IB. Not long ago during merger talks there was indication that IB would make only 20% of the holding, now the holding is shaping with 45% IB and 55% BA.

Rgs,


User currently offlineEvomutant From United Kingdom, joined May 2006, 451 posts, RR: 0
Reply 21, posted (4 years 5 months 1 week 2 days 16 hours ago) and read 3945 times:

Forgive my ignorance on things on things financial, but I have a question.

The reported deal is 55/45 in favor of BA. But BA own 13% of IB. So does that effectively make it 60/40 (or thereabouts) in BA's favor?


User currently offlineSam1987 From United Kingdom, joined Jul 2005, 946 posts, RR: 1
Reply 22, posted (4 years 5 months 1 week 2 days 16 hours ago) and read 3945 times:



Quoting SKY1 (Reply 1):
The new company being based in Spain will not please the UK Unions

More likely to be London I reckon.

Quoting Aircatalonia (Reply 3):
It's been 3 years with the "IB and BA imminent merger"

This time it really is imminent... I'd be surprised if there isn't a formal announcement tomorrow.

Quoting Jayeshrulz (Reply 4):
There were Rumors that BA change their HQ to Spain after the Merger? Is it true?

BA HQ will remain at LHR.

Quoting KrisYYZ (Reply 16):
Will the merger produce an airline like KL/AF where both airlines are allowed to maintain their own corporate identity?

Yes.



Next flights: LGW-LBA-LGW, LHR-SIN-SYD, SYD-BKK-LHR, LGW-GRO, GRO-CIA, CIA-MAD, MAD-LGW
User currently offlineBA174 From United Kingdom, joined Oct 2009, 745 posts, RR: 0
Reply 23, posted (4 years 5 months 1 week 2 days 15 hours ago) and read 3833 times:



Quoting Hardiwv (Reply 10):
According to El Pais breaking news agreement has been reached that the HQ of the merged airline will be in London while the CEO will be Antonio Vázquez, current CEO of IB.

In the resulting holding, BA will have 55% and IB 45%.

I heard that Willie Walsh would be CEO and Antonio Vazquez would be vice president.


User currently offlineSam1987 From United Kingdom, joined Jul 2005, 946 posts, RR: 1
Reply 24, posted (4 years 5 months 1 week 2 days 15 hours ago) and read 3645 times:



Quoting Sam1987 (Reply 22):
I'd be surprised if there isn't a formal announcement tomorrow.

Looks like I'm wrong... seems as though the BBC are announcing it already.



Next flights: LGW-LBA-LGW, LHR-SIN-SYD, SYD-BKK-LHR, LGW-GRO, GRO-CIA, CIA-MAD, MAD-LGW
25 Post contains links OP3000 : From El Pais - the BA board has ratified the merger proposal: http://www.elpais.com/articulo/econo.../elpepueco/20091112elpepueco_7/Tes
26 Post contains links RTFM : On BBC too... http://news.bbc.co.uk/1/hi/business/8356780.stm
27 Post contains links R2rho : Well this merger has been "imminent" for so long that I'll believe it when I see it, but it's true that this time around it does seem much more immine
28 Post contains links R2rho : Imminent indeed, MoU has been signed. Communication from IB to the Spanish SEC (in Spanish): http://www.cnmv.es/portal/HR/verDoc....7356f-768c-4642-b0
29 EPA001 : Very interesting Key Points. The AF-KLM model should work just fine for BA and IB. So now it seems only LH will survive on its own, which is quite an
30 Jamies80085 : according to BBC, virgin are not happy bunny's tonight! now there's a surprise, how does that liken the possibility of virgin hounding Lufthansa for b
31 Glom : What's the point of merging if you maintain separate operations? No doubt it leads to a payrise for the head honchos.
32 Theginge : Virgin will never be happy about anything BA or anyone else does. If they are so worried why don't they actively seek to merge with another carrier?!
33 Jamies80085 : precisely. Anything anyone does at LHR they are up in arms about but they never do anything to counter what they are complaining about
34 Post contains links Scbriml : Now that the merger has been announced, please continue discussion here: Its Official: BA And IB Agree To Merger (by OP3000 Nov 12 2009 in Civil Aviat
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