Iberia A340-600. The planned merger between British Airways and Iberia under holding company International Airlines Group is nearing its final stage following Iberia’s approval Wednesday of BA’s £3.7 billion ($5.8 billion) pension deficit funding plan. “We carefully reviewed BA’s pension deficit plan and the board on Wednesday cleared this last condition,” Iberia MD & COO Rafael Sanchez confirmed to ATW Thursday on the sidelines of the Europe ...

Subscribe to Access this Entire Article

"Iberia backs pension plan, moving BA-IB merger forward " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.