Final days for BA shares

Source = e-Travel Blackboard: N.J British Airways (BA) traded in the stock market for the last time late last week and has since completed its merger with Spanish carrier Iberia. The airline launched as the International Consolidated Airlines Group (IAG) in London and Madrid early this morning, 24 years after joining the London market under the title BA, The Guardian reported.  According to the source, the two airlines will maintain their brand names in a bid to save €400m a year by its fifth year.The new airline group will host a fleet of up to 419 aircraft flying to up to 205 destinations. The merger will also increase BA’s reach into South America while maintaining Europe as the company’s leading destination.Among other changes BA chief executive Willie Walsh stepped down to take on the head role at IAG while BA chairman Sir Martin Broughton will remain in his position but will also take on the role of deputy chairman of IAG.  BA shareholders will receive one share in IAG for each other their current shares.

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