Iberia

BA, Iberia Plan Future Aquistions news on Flight Crew Finder Ltd
United Kingdom

WITH their merger not even finalised, British Airways (BA) and Iberia are already drawing up plans for future acquisitions, with 12 secret targets currently listed.

Virgin consider merger to compete with BA news on Flight Crew Finder Ltd
United Kingdom

The number of airlines in merger talks seems to keep growing. Virgin Atlantic’s chief executive officer, Sir Richard Branson, has commented that his airline may no longer be able to avoid their own need to merge.

Continental and United Airlines in the USA, last month announced their merger plans which are currently awaiting state approval. If the plans go ahead they will create the world’s biggest airline.

BA and Iberia sign formal agreement to complete merger news on Flight Crew Finder Ltd
United Kingdom

The signing of a formal agreement between the Spanish and British carriers brings the completion of their merger ever closer. The deal was first announced last November and is expected to be complete by the end of this year, with shareholders of both companies due to vote on the issue in November this year.

The merger would see the airlines combining their operations while maintaining their individual brands. They would be combined under a new company called International Airlines Group.

Slow progress for BA and Iberia merger news on Flight Crew Finder Ltd
United Kingdom

The merger between British Airways and Iberia, expected to be signed in the first quarter of 2010, has been delayed due to 'technical issues' according to the UK based carrier.  At the beggining of the week the two sides had announced that they were still confident of getting the deal completed by the end of March, but that deadline has since passed.

Spain

It has been reported in the Spanish press that their flag carrying airline is planning to launch a new start up in November of this year.  The new carrier would be made up of 14 aircraft and 350 staff and would not, according to the airline, be a low cost carrier. 

Alliances: The past, future and present news on Flight Crew Finder Ltd
United Kingdom

Alliances have become an important feature of international aviation which has led to success for many airlines, but also some high profile failures. Despite the fact many actually end in failure the overall number of international alliances in place had been steadily growing since the idea had been first floated.  In 1995 there were as many as 401 in operation. Currently there are three major global alliances in Oneworld, SkyTeam and Star Alliance. However, it is becoming the norm to see airlines forming major alliances in favour of mergers in the modern industry.

Spain

The Spanish airline, Iberia, last week anounced record losses in 2009.  The carrier's net losses reached €273m and revenues were €4.41 billion, a 19% reduction. 

More airline mergers to come? news on Flight Crew Finder Ltd
United States

The President of the Air Line Pilots Association, ALPA, believes it is likely we will see more airline mergers over the next few years.  Captain John Prater also hopes that over half of the 38 airlines with ALPA representatives would, with the support of the Unions, back any mergers that would result in job saving oppurtunities.  This possibility does not just relate to the legacy carriers as Prater believes it likely we will see some low cost carrier link ups as well.

Virgin Atlantic pins hopes on Europe after Oneworld decision news on Flight Crew Finder Ltd
United Kingdom

By Kaveri Niththyananthan, Dow Jones Newswires, 15th February 2010

The head of Virgin Atlantic Airways on Monday called on European regulators to take a tougher stance than the U.S. in reviewing the proposed new pact between British Airways PLC, American Airlines and their Oneworld alliance partners.

Steve Ridgway, chief executive, said the U.K. carrier would press its continued opposition to the pact with the U.S. Department of Justice, and did not rule out Virgin joining a global alliance itself at some point

BA in Atlantic tie-up victory news on Flight Crew Finder Ltd
United States

By Dominic O’Connell, The Sunday Times, 14th February 2010

Last night gave the green light to British Airways’ tie-up with American Airlines, bringing to an end a 12-year quest by the UK airline to win approval for the deal.

The US Department of Justice said that the pact would be good for consumers, bringing lower fares, new routes and improved schedules. It agreed to give the airlines’ immunity from US anti-trust laws if they surrendered four pairs of runway slots at Heathrow — a much lower number than expected.

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