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British Airways + Iberia =Topco How's It Going

speedbird9 From United Kingdom, joined Jan 2008, 228 posts, RR: 0
Posted (3 years 2 months 4 days 23 hours ago) and read 4513 times:

Hi we all know about the merger between BA and IB now that BA has found a way to deal with its pension deficit what can we see for the future
I believe the new airline will be called TopCo is that still true?

how is the merger going?

How long before we see a full agreement and merger?

Will this mean BA will move out of Waterside? because from what I've seen it looks quite nice

Will Iberia move in with BA at LHR terminal 5?

Will Iberia take over BA's spanish routes?

and well post anything else you see fir
Thanks
Speedbird9

Is the customer always right? Michael O'Leary: no the customer is nearly always wrong

15 replies: All unread, jump to last

BALHRWWCC From , joined Dec 1969, posts, RR:
Reply 1, posted (3 years 2 months 4 days 20 hours ago) and read 4249 times:

Quoting speedbird9 (Thread starter):
how is the merger going?

How long before we see a full agreement and merger?

BA and IB will meet on 25th March to finalise the merger

http://www.google.com/hostednews/afp...ALeqM5hg5Bp7m58bcAbBIIr7gM8tdGP1Fg

Quoting speedbird9 (Thread starter):
Will Iberia move in with BA at LHR terminal 5?

IB will remain at T3. BA dont have enough room at T5 for all it's own flights let alone IB's aswell

Quoting speedbird9 (Thread starter):
Will Iberia take over BA's spanish routes?

No not in the short term. In the long term only timw will tell

Quoting speedbird9 (Thread starter):
Will this mean BA will move out of Waterside?

Top Co will be registered in MAD with it's main offices and financial HQ will be in London. I believe Waterside has spare office space available so it will be highly likely Top Co will be run from there...... For now....

Talaier From Spain, joined May 2008, 490 posts, RR: 0
Reply 2, posted (3 years 2 months 4 days 20 hours ago) and read 4186 times:

IMHO the office in Madrid is more of a formality because the company will clearly be run from London. Willie Walsh is the CEO and manager of the company whilst Antonio Vázquez (IB's current CEO) is less of a managerial figure. However given that the biggest shareholder in the company is CajaMadrid, Madrid's regional savings bank (controlled by the regional government) , Spain has kept its safeguard in case BA gets too bossy I'd imagine since BA will keep the upper hand.

But yeah details will be out soon. And btw the company's official name will be International Airlines Group, listed in the FTSE 100.

Jacobin777 From United States of America, joined Sep 2004, 14968 posts, RR: 61
Reply 3, posted (3 years 2 months 4 days 20 hours ago) and read 4099 times:

Quoting Talaier (Reply 2):
IMHO the office in Madrid is more of a formality because the company will clearly be run from London. Willie Walsh is the CEO and manager of the company whilst Antonio Vázquez (IB's current CEO) is less of a managerial figure.

...I recently spoke with a member of BA senior management, said the same thing....Walsh will be basically running the show.

"Up the Irons!"

scouseflyer From United Kingdom, joined Apr 2006, 3254 posts, RR: 10
Reply 4, posted (3 years 2 months 4 days 20 hours ago) and read 4093 times:

Glad that this merger is finally moving forwards - I'm wondering if we'll see any interesting aircraft swaps in the near future - BA A346 or IB T7 for example and what will be the next target to be merged into IAG?

kiwiandrew From New Zealand, joined Jun 2005, 8435 posts, RR: 15
Reply 5, posted (3 years 2 months 4 days 19 hours ago) and read 4074 times:

Quoting scouseflyer (Reply 4):
Glad that this merger is finally moving forwards - I'm wondering if we'll see any interesting aircraft swaps in the near future - BA A346 or IB T7 for example

I doubt it very much . The AF/KL merger does not seem to have resulted in aircraft swaps between AF and KL and the structure of the BA/IB merger seems to be similar to the AF/KL merger ... a joint holding company but with separate identities and operations .

Moderation in all things ... including moderation ;-)

vv701 From United Kingdom, joined Aug 2005, 6620 posts, RR: 17
Reply 6, posted (3 years 2 months 4 days 17 hours ago) and read 3914 times:

Quoting speedbird9 (Thread starter):
Will Iberia take over BA's spanish routes?

Not likely. BA have already taken over the IB flights between BCN and LHR.

r2rho From Germany, joined Feb 2007, 2248 posts, RR: 1
Reply 7, posted (3 years 2 months 4 days 8 hours ago) and read 3630 times:

In related news, Deutsche Bank has recently acquired a 3.1% stake in IB. Interesting, although it's a very small participation that will further be diluted after the merger.
source in Spanish:
http://www.elmundo.es/mundodinero/2010/03/16/economia/1268752596.html

Quoting vv701 (Reply 6):
Quoting speedbird9 (Thread starter):
Will Iberia take over BA's spanish routes?

Not likely. BA have already taken over the IB flights between BCN and LHR.

But this is because IB no longer has mainline a/c based at BCN, so it made more sense for BA to do it than for IB to base or reposition aircraft there. But IB could completely take over LHR-MAD, for instance.

speedbird9 From United Kingdom, joined Jan 2008, 228 posts, RR: 0
Reply 8, posted (3 years 2 months 2 days 1 hour ago) and read 3200 times:

hi one last question with the Conservatives boasting about lower taxes for business and other business encouraging policies will it persuade BA to be registered in the UK or is it some other financial basis that I am unaware of? working on the bases the Tories (Conservatives) are voted in>
Thanks
Speedbird9

Is the customer always right? Michael O'Leary: no the customer is nearly always wrong

Talaier From Spain, joined May 2008, 490 posts, RR: 0
Reply 9, posted (3 years 2 months 2 days 1 hour ago) and read 3162 times:

Quoting speedbird9 (Reply 8):
hi one last question with the Conservatives boasting about lower taxes for business and other business encouraging policies will it persuade BA to be registered in the UK or is it some other financial basis that I am unaware of? working on the bases the Tories (Conservatives) are voted in>
Thanks
Speedbird9

Highly unlikely. Iberia needs to be a Spanish registered company in order to fly most of its long-haul routes. Even though Iberian and BA remain split entities in terms of management and brand the fact that IAG is based in Madrid leaves no legal doubt about the Spanish entity of Iberia's aircraft. I guess if the company were to be based solely in the UK it would need a subsidiary. In any case I'm not a legal expert, but I believe that's mostly why this split HQ stuff has been passed through and it seems it will stay like this for a while.

speedbird9 From United Kingdom, joined Jan 2008, 228 posts, RR: 0
Reply 10, posted (3 years 2 months 2 days ago) and read 3119 times:

what are the chances of IAG starting up new subsidiaries and buying out other airlines is it possible or just .... well not possible

yeah I know I said one last question before but...... sue me lol

.....but please don't

Thanks
speedbird9

Is the customer always right? Michael O'Leary: no the customer is nearly always wrong

Talaier From Spain, joined May 2008, 490 posts, RR: 0
Reply 11, posted (3 years 2 months 2 days ago) and read 3036 times:

^^^^

I'd imagine once the ATI is approved we could see American Airlines getting very cosy with BA/IB although tbh until US law forbidding foreign ownership of airlines is abolished there are no chances of AA getting more closer to the merged company. As for other companies, we will see but in the long term I'd expect further consolidation, especially in Europe. In that case Finnair and Málev would be the obvious candidates.

BA174 From United Kingdom, joined Oct 2009, 718 posts, RR: 0
Reply 12, posted (3 years 2 months 2 days ago) and read 3011 times:

Alegre que esta fusi

Quoting Talaier (Reply 2):

Quoting scouseflyer (Reply 4):
Glad that this merger is finally moving forwards - I'm wondering if we'll see any interesting aircraft swaps in the near future - BA A346 or IB T7 for example and what will be the next target to be merged into IAG?

Fleet management will remain totally seperate under BA/IB and both sides can make their own fleet/new AC types descisions prety much like KL and AF do.

N328KF From United States of America, joined May 2004, 6222 posts, RR: 3
Reply 13, posted (3 years 2 months 1 day 21 hours ago) and read 2767 times:

Quoting BA174 (Reply 12):
Fleet management will remain totally seperate under BA/IB and both sides can make their own fleet/new AC types descisions prety much like KL and AF do.

I don't buy this for a minute. The carrot of a larger buy is too tempting of a tool for them to not go to Boeing and Airbus and say "We've got a mega-order in mind. Give us your best price." Just like I'm sure AF and KL will. The only reason it hasn't happened at AF and KL is that they haven't had a really big order since the merger.

When they call the roll in the Senate, the Senators do not know whether to answer 'Present' or 'Not guilty.' T.Roosevelt

BA174 From United Kingdom, joined Oct 2009, 718 posts, RR: 0
Reply 14, posted (3 years 2 months 1 day 21 hours ago) and read 2685 times:

BA have got almost 50 777-200s and will get 6 or possiby 10 77Ws (if they take up options) so I doubt they need/want A346s and the same goes with IB with them having their A346s. They both already have the type that both want/need.

vv701 From United Kingdom, joined Aug 2005, 6620 posts, RR: 17
Reply 15, posted (3 years 2 months 1 day 17 hours ago) and read 2542 times:

It is not taxes that determine where an airline will be registered. For example there is no doubt that Air Berlin is a German company through and through except that its company registered office is in Rickmansworth, Hertfordshire in England. And it did not choose to become a British registered company for tax pyurposes because it earns its money and pays its taxes in Germany. But it did prefer UK to Germany Labour Relations Law.

There is another British registered company that is a subsidiary of a German airline. bmi is owned by LHBD Holding Ltd, a wholly owned Lufthansa subsidiary.

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