InfoAnda - BA-Iberia hit turbulence as merger takes off

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Microsoft's newest weapon in China piracy fight | | 24 October 2012
Analysis: Why would anyone want to be Yahoo's CEO? | | 8 September 2011
New Home Sales Take Unexpected Dive In January | 25 February 2010

Bollywood hit inspires India's first 3D videogame | 22 January 2009

Forum Views () Forum Replies ()

Read more with google mobile : BA-Iberia hit turbulence as merger takes off

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap BA-Iberia hit turbulence as merger takes off AFP - Saturday, January 22 Send IM Story Print BA-Iberia hit turbulence as merger takes off LONDON (AFP) - – A multi-billion-euro merger between British Airways and Iberia of Spain, creating Europe's second biggest airline, was completed Friday, but immediately hit turbulence as BA staff voted to strike. "The merger has now become effective," BA and Iberia in a statement said as shares in the new company, International Airline Group (IAG), prepare to trade for the first time on Monday. British union Unite later said that BA cabin crew had voted in favour of fresh strikes in a long-running dispute with the airline over pay and other perks, although it did not mention any dates. The vote was part of a dispute that prompted 22 days of strike action last year. "For the fourth time in 13 months, British Airways cabin crew have voted overwhelmingly in support of their union and expressed their dissatisfaction with management behaviour," said Unite general secretary-designate Len McCluskey. BA hit back, insisting in a statement that "Unite does not have the support of the majority of our cabin crew." Under the terms of the merger, BA and Iberia are retaining their current operations and individual brands, while British Airways boss Willie Walsh is chief executive of the new group. Shareholders of both airlines voted in November to approve the merger which values the pair at a combined $9.6 billion (7.1 billion euros). British Airways holds 55 percent of IAG, while Iberia has the remaining 45 percent. A merger allows the two carriers to catch up with rivals such as Air France-KLM and Lufthansa, according to analysts. "In terms of size, BA-Iberia will be the second biggest carrier in Europe and amongst the top ten in the world," said Saj Ahmad, an analyst at consultants FBE Aerospace. "This should deliver many operational economies of scale as the businesses integrate over time and allows BA/Iberia to offer a wider global network for their customers," he told AFP on Friday. BA is set to benefit from Iberia's strong presence in Latin America, while the Spanish airline will gain from the British carrier's strength in North America and Asia. The tie-up creates Europe's second-biggest airline by market capitalisation after Germany's Lufthansa and will fly about 60 million passengers a year. BA and Iberia sought to merge as the global economic downturn and the rise of low-cost airlines resulted in steep losses for traditional carriers. Since the tie-up announcement, the pair have overcome travel chaos due to strikes and the Iceland volcanic ash cloud to post healthy returns to profit, indicating that the sector is on a path to recovery after the deep recession. The landmark Anglo-Spanish merger will meanwhile create annual savings of around 400 million euros by the fifth year of the tie-up. Walsh has indicated that IAG is keen on other airlines joining the new group. Recommend Send IM Story Print News Search Top Stories Obama vows to shift economy into overdrive Haiti to probe Duvalier excesses: rights group BA-Iberia hit turbulence as merger takes off US expert panel gives nod to Alzheimer's scan Bank of America posts heavy losses More Top Stories » ADVERTISEMENT Most Popular Most Viewed Migraines don't damage brain: study Bedbugs resistant to pesticide, study finds Boeing to cut 1,100 jobs in C-17 program Toshiba to build 'huge solar plant' in Bulgaria Bank of America posts heavy losses More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Saturday, 22 January 2011
Karzai wins Russian backing on milestone visit
BA-Iberia hit turbulence as merger takes off
Mexico to pioneer iris technology on ID cards
Haiti to probe Duvalier excesses: rights group
Three shot dead as protests erupt in Albania |
Scandal-weary Berlusconi clings to key allies
Lebanon's Druze leader backs Hezbollah
US-TECH Summary
U.N. concerned over Afghan parliament delay |
US expert panel gives nod to Alzheimer's scan
Lebanon's Jumblatt becomes possible kingmaker
Leadership worries hang over chipmaker AMD
Bank of America posts heavy losses
Sudan army, Darfur rebel clash kills 21: military |
Music industry working on global copyright database
Thousands of Jordanians protest economic conditions
Time running out on Ivory Coast: AU's Odinga |
World 'running out of Internet addresses'
Robot attends Russian school to help sick schoolboy
Lebanon's Druze leader backs Hezbollah |
Verizon in challenge to FCC on 'net neutrality'
Ex-banker linked to WikiLeaks to be held in custody over weekend
Synaptics shares fall as PC market sales drop in Q2
One out of five cellphones sold is unlicensed copy: Nokia
Uzbekistan down Jordan to make semi-finals
In charm mode, China leader pledges US jobs
Wounded US congresswoman leaves Arizona hospital
Five Thais walk free in Cambodia border case
Knox lawyers confident ahead of appeal in Italy
Indonesia leader plays down torture of Papuans
Belgian breaks with black at Paris menswear shows
Hu's U.S. visit sets new tone but tensions remain
Bollywood star on Berlin film fest jury
Analysis: EA wins new friends with social, mobile games |
Opera stars honour Placido Domingo at 70
Myanmar's Suu Kyi gets web access
India's top painter pulled from show over threats
Sprint seen adding subscribers, at least in the fourth quarter |
Breakthrough after U.S. warns China on North Korea
Palestinians find freedom in the surf of Gaza
Heavy snow in Southwest China forces 79,000 to evacuate homes
Fashion for the few casts its spell in Paris
Pirates have upper hand as music industry meets
Leadership worries hang over chipmaker AMD |
Old school and new at Berlin computer game museum
Canada's 'Igloofest' revels in music, loves cold
US-ENTERTAINMENT Summary
Ex-banker linked to WikiLeaks to be held in custody over weekend |
India's Reliance Industries profit rises 28%
Pakistan rupee eases on dollar demand; stocks edge up
Italy's ENI, Petrochina in tie-up, focus on Africa
Japan trade minister warns on rapid yen rise
S.Korea Dec crude imports up 10 pct yr/yr
Japan lifts economic view but risks remain
China farmers to get $15 bn subsidies amid drought
South Korean shares fall 1.7 pct on banks, autos
Hu urges US to ease high-tech export restrictions
Canada watchdog wants review of Dire Straits ruling |
Iran nuclear talks enter final day, little to show
Lenovo, NEC in talks to combine PC businesses: sources
Obama vows to shift economy into overdrive
Blair sounds warning on Iran
Facebook raises $1.5 billion, valued at $50 billion
Iran nuclear talks enter final day, little to show |
US Army gives soldiers a few tips on social media
Baby Doc offers regret, no apology, to Haitians |
Obama to answer questions from YouTube users
Estonia to lend cyber-expertise to Belarus exiles
Haiti candidate warns of protests, U.S. pulls visas |
Meyer defends lead at Tour Down Under, Ventoso wins stage 5
Google targets spam-laden websites
Oprah Winfrey to reveal "family secret"
Clijsters, Murray into Aussie Open last 16
Malaysian commandos free tanker off Somalia
Lawyers challenge 'Merchant of Death' trial
TV watchdog urges advertisers to drop "Skins"
Japan culls 10,000 chickens to contain bird flu
Cuba halts all mail deliveries to US
Donald Trump's daughter, Ivanka, tweets pregnancy
S.Korea navy praised over pirate rescue
Wounded U.S. congresswoman flies to Texas rehab centre
Meryl Streep is highest grossing actress in comedy
'Captain Bligh' steers Australia in flood crisis
Calif school eyes accounts of sex by 2nd graders
Soderling, Zvonareva into Australian Open 4th round
US company stops making key death penalty drug
Beijing welcomes inter-Korean talks
Fights, vodka at classic tennis press showdowns
In charm mode, China leader pledges US jobs
MSNBC and anchor Keith Olbermann abruptly part ways
Opera stars turn out to honour Placido Domingo at 70
Facebook to unveil financials, raises $1.5 billion |
MTV's "Jersey Shore" sets another series high
Google's Page brings change and questions |
Oprah Winfrey to reveal "family secret"
Ricky Gervais helps CNN beat Rachel Maddow show
TV watchdog urges advertisers to drop "Skins"
Roger Ebert gets prosthetic chin ahead of TV return
Donald Trump's daughter, Ivanka, tweets pregnancy
China to US: boost exports to trim surplus
MSNBC and anchor Keith Olbermann abruptly part ways |
Oprah Winfrey to reveal family secret |
Sundance debuts with Harry Belafonte documentary |
MTV's Jersey Shore sets another series high |
How Black Swan will reach the $100 million mark |
TV watchdog urges advertisers to drop Skins |
Ricky Gervais helps CNN beat Rachel Maddow show |
Director gives Mumbai fresh face in film Dhobi Ghat |
Donald Trump's daughter, Ivanka, tweets pregnancy |
Roger Ebert gets prosthetic chin ahead of TV return |
Street pressure mounts on Tunisia PM to go |
Nuclear talks with Iran fail
Apple's App Store hits 10 billion downloads
New DNA experts in Knox murder appeal
Google looks to its next decade
Afghan politicians in talks on parliament deadlock
'Inconclusive' Iran nuclear talks enter final day
Cowen resigns as party leader, but remains Irish PM |
Shiite cleric Sadr 'returns to Iran' from Iraq
Italy's Berlusconi digs in heels despite sex probe |
Karzai proposes Wednesday opening for parliament: MP |
Iran bars Tehran mayor from U.S. transport ceremony |
10 militants killed in eastern Afghanistan
Saudi king arrives in Morocco after surgery in U.S. |
Iran official supports NKorea nuclear programs
Albania opposition vows more protests |
Protesters clash with police in Algerian capital |
Japan's soccer team warn 'We are tougher than ever'
U.S. and Canada walkers join Iraq pilgrimage for charity |
Australian 'inland sea' flood threatens towns
Coach Zaccheroni heralds Japan's attacking qualities
New Zealand thrash Pakistan in cricket ODI
Russian spy Chapman makes debut as TV presenter
Meyer, Goss to duel for Down Under cycling crown
Lloyd Webber wine collection sells for $5.6 mln
Philippine bomb squad training gets too realistic
German navy captain sacked over mutiny
Japanese rocket puts cargo into orbit
UK court lets surrogate mother keep baby girl
Apple's App Store hits 10 billion downloads |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01