Iberia to merge with BA despite £3.7bn ($5.8bn) deficit concerns

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UK - Iberia will merge with British Airways after the Spanish airline's board of directors gave the green light to its 16-year deficit recovery plan.

Under the terms of the deal - reached in November last year (Global Pensions: 13 November) - Iberia was entitled to terminate the merger if the outcome of discussions between BA and its pension tru...

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