So, Farewell, Then BAY.L ;(Create Topic


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This topic contains 4 replies, has 3 voices, and was last updated by  VintageKrug 6 years, 7 months ago.

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  • #552761

    Anonymous
    #552762

    VintageKrug
    Participant

    “British Airways will trade on the stock market for the last time today (20 January 2011) before its merger with Spanish carrier Iberia.

    The merger will be completed on Friday and shares in the new holding company, International Consolidated Airlines Group (IAG), will be listed in London and Madrid on Monday morning.

    The completion of the merger comes nearly 24 years after BA joined the London market in a high-profile flotation that was 11-times oversubscribed.”

    http://www.guardian.co.uk/business/2011/jan/20/british-airways-trades-last-time-merger

    #552763

    Travellator
    Participant

    Same day as the ballot announcement !

    #552764

    MartynSinclair
    Moderator

    Who thought up the name International Consolidated Airlines Group (IAG)? Rather bland ………

    #552765

    VintageKrug
    Participant

    It’s meant to be bland; just a holding company, and allows the brands Iberia and British Airways (and whatever other airlines they acquire) to shine through.

    American Airlines is owned by the similarly bland AMR Corporation.

    You can read more about IAG here:

    http://en.wikipedia.org/wiki/International_Airlines_Group

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