The Bulgarian Travel Center
TOLL FREE 1-800-890-3731 LOCAL: 1 (727)-738-2832 EMAIL 24/7: info@paylessbg.com Skype ID: paylessbgBritish Airways and Iberia agree merger proposal
published on 19.11.2009
British Airways' and Iberia's boards have agreed a binding memorandum of understanding for a proposed merger to create a new, leading European airline group that will bring significant benefits for customers.
The new airline group would have 419 aircraft and fly to 205 destinations. In 2008, British Airways and Iberia carried 62 million passengers and, in their last financial years, their joint revenues are approximately € 15 billion.
The airlines believe there is a compelling strategic rationale for the transaction, which is expected to generate annual synergies of approximately €400 million, and benefit both companies' shareholders, customers and employees. The new group will combine the two companies' leading positions in the UK and Spain and enhance their strong presence in the international longhaul markets, while retaining the individual brands and current operations of each airline.
The merger is expected to be completed in late 2010.
The new airline group would have 419 aircraft and fly to 205 destinations. In 2008, British Airways and Iberia carried 62 million passengers and, in their last financial years, their joint revenues are approximately € 15 billion.
The airlines believe there is a compelling strategic rationale for the transaction, which is expected to generate annual synergies of approximately €400 million, and benefit both companies' shareholders, customers and employees. The new group will combine the two companies' leading positions in the UK and Spain and enhance their strong presence in the international longhaul markets, while retaining the individual brands and current operations of each airline.
The merger is expected to be completed in late 2010.
British Airways currently flies from and to the following London airport terminals -
- Heathrow - Terminals 3 and 5
- Gatwick - North and South Terminals
- London City Airport
Articles
Kokalyane Monastery
The Kokalyane cloister, St Archangel Michael, is also known as the Urvich monastery. It is situated amid a beautiful scenery of the Plana mountain, about 4km away from the village of Kokalyane (in the outskirts of the city of Sofia) and some 6km to the northeast of the village of Zheleznitsa.
22.07.2010, Author: Dobri Georgiev
The Byzantine fortress near Mezek
To the west of the village of Mezek there is a fortress which among all historical buildings has best preserved the spirit of the ancient. This fortress is said to be dated from the end of 9th and the beginning of 12th century, and built at the time of the government of the emperor of all Byzantium Alexey I Komnin.
04.07.2010, Author: Rumen Halachev
Yumruka Peak
Yumruka Peak is in the Balkan mountain range or Stara Planina, and it is part of Bulgaria’s National Park “Tsentralen Balkan” (Central Balkan). The peak itself is almost 6 000 feet high, there is a chalet nearby called “Eho” and to the west there is Vezhen peak.
03.07.2010, Author: Rumen Halachev
Advertisment
Destinations
Climate
General Information
Official Holidays
Name days
Rodopi Mountain
Vitosha
Rila
Pirin
Stara Planina
South Coast
North Coast
Religious
Antique
Museums