British Airways

Iberia Lineas Aereas de Espana and British Airways

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The share swap ratio for the merger between Iberia Lineas Aereas de Espana and British Airways hasn’t yet been agreed upon, according to a Caja Madridofficial, Dow Jones reported. The UK and Spanish carriers announced a US$5.1billion all-share merger in July, but theterms haven’t yet been worked out. Aslumping share price and a wideningpensions deficit at British Airways havefuelled speculation Iberia can get a betterdeal in the negotiations. … [Read more...] about Iberia Lineas Aereas de Espana and British Airways

British Airways

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UK carrier British Airways will increase weekly London Heathrow-Dubai UAE flights to 20 from the current 14 from 29 March 2009. The carrier also is increasing weekly services from Heathrow to Johannesburg, South Africa from 14 to19 from 1 May 2009. … [Read more...] about British Airways

Europe/CIS: "No way BA-AA!" says Virgin's Branson

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Virgin Atlantic president Richard Branson said he was prepared to spend heavily to try to prevent a planned tieup between British Airways, American Airlines and Spain’s Iberia. “If it is approved we believe Virgin Atlantic will be damaged (along with) ... any smaller carriers on these routes,” Branson told reporters recently, adding he would spend “millions of dollars” in a bid to block the tie-up. He said he would start by painting “no way … [Read more...] about Europe/CIS: "No way BA-AA!" says Virgin's Branson

British Airways World Cargo

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A former executive in British Airways’ cargo business has agreed to plead guilty to price-fixing in the US and will serve eight months in jail and pay a fine of US$20,000. Keith Packer, a British citizen, was formerly commercial general manager for British Airways World Cargo. He pleaded guilty to conspiring to fix cargo rates for air shipments to and from the US, the Justice Department said. Packer is the first foreign national and third individual charged as part of an ongoing … [Read more...] about British Airways World Cargo

Europe/CIS: “No way BA-AA!” says Virgin’s Branson

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Virgin Atlantic president Richard Branson said he was prepared to spend heavily to try to prevent a planned tieup between British Airways, American Airlines and Spain’s Iberia. “If it is approved we believe Virgin Atlantic will be damaged (along with) ... any smaller carriers on these routes,” Branson told reporters recently, adding he would spend “millions of dollars” in a bid to block the tie-up. He said he would start by painting “no way … [Read more...] about Europe/CIS: “No way BA-AA!” says Virgin’s Branson