06 January 2009

BABI deal hits a snag

Meanwhile back at the ranch - in London and Madrid the BABI (remember them? AA is off to one side for now) the British Airways and Iberia deal has hit a Pension Snag.

Iberia appointed pension consultants, Mercer, to review British Airways’ pension scheme, which is up to GBP1.7 billion in deficit (abtn.co.uk, 30-Dec-08). A report on the pension scheme will be issued in Jan-09.

Hmmm trouble in Paradise... but wait don't order yet... see the following blog entry on Go.

Cheers

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