The world is getting smaller, and rumblings of a possible cross-border merger of British Airways plc and Iberia Lineas Aereas de Espana SA of Spain is proof of that. Although cross-border M&A deals in the airline industry are certainly not new, experts say these types of deals will become a growing trend because of the rising cost of fuel. For British Airways and Iberia, was the 63% increase of crude oil over the last 12 months a fortuitous event that brought the two companies even closer or just a natural progression of their existing relationship? Some might say both are true.
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