05 February 2009

Will They or Wont They? BA/IB

The debate of BA+IB seems to be heating up. And I for one think it just isn't going to happen at the prices that people think.

The volatility of airline stocks of late make this even more difficult than usual. Couple with with the pound's collapse we have a rather toxic recipe at Waterside and its opposite number.

Willie's boys (and girls) must be feeling that they are playing wallflower especially at this week's celebrations in Madrid for the One World 10th.

I really find it too hard to justify both logically, emotionally and fiscally.

So I vote no unless its a really great deal for BA around 65:35 in the new company.


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