British Airways, Iberia not clear for takeoff (Dealscape

British Airways plc and Iberia Lineas Aéreas de España SA's planned merger to create Europe's No. 3 carrier, already the longest-running courtship in aviation history, could still fall apart if BA can't reach an agreement with its pension fund trustees to trim a £2.6 billion ($4.3 billion) pension deficit.

Thursday's announcement that the companies had forged a memorandum of understanding to merge "does not make a deal much more certain in reality as the pension and antitrust [issues] could still be show-stoppers," Nick Cunningham, a London-based analyst with Evolution Securities Ltd., wrote in a note.

This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence.

Dig deeper, with Pipeline.

393 articles related to British Airways plc
211 in-depth reports of M&A deals in the Transportation sector
205 articles related to Iberia Lineas Aéreas de España SA
115 company pages related to Airlines
10 years of news and analysis archives from the voice of The Deal Economy

Most searched keywords

Skadden Arps
Idearc Inc.
Deutsche Bank
Amusement parks
Deb Shops
Windstream Corp.
Concho Resources
Hanna Andersson
Tween Brands
Edward Bastian

Forward-looking intelligence allows you time to act. View this video on our restructuring content to see how you can benefit from our expertise.
NOT A SUBSCRIBER? British Airways, Iberia not clear for takeoff Posted on November 13, 2009 3:45 PM British Airways plc and Iberia Lineas Aéreas de España SA's planned merger to create Europe's No. 3 carrier, already the longest-running courtship in aviation history, could still fall apart if BA can't reach an agreement with its pension fund trustees to trim a £2.6 billion ($4.3 billion) pension deficit. Thursday's announcement that the companies had forged a memorandum of understanding to merge "does not make a deal much more certain in reality as the pension and antitrust [issues] could still be show-stoppers," Nick Cunningham, a London-based analyst with Evolution Securities Ltd., wrote in a note. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 393 articles related to British Airways plc 211 in-depth reports of M&A deals in the Transportation sector 205 articles related to Iberia Lineas Aéreas de España SA 115 company pages related to Airlines 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Skadden Arps Idearc Inc. Deutsche Bank Amusement parks Deb Shops Windstream Corp. Concho Resources Hanna Andersson Tween Brands Edward Bastian		EXISTING USERS Username Password Forget your password? Missing a product?

Sales Contact Michael Crosby mcrosby@thedeal.com 212.313.9325	Media Contact Martha Brown mbrown@thedeal.com 212.313.9218
Signing in signifies that you agree to our terms and conditions. View our privacy policy.