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FudgeCo

13 November 2009 By Fiona Maharg-Bravo

Like Air France/KLM before them, the UK and Spanish flag carriers have devised a convoluted structure to circumvent regulatory hurdles. The snag is that neither party has real control. Extracting the claimed E400m of synergies will be tough. This deal is off to a bad start.

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Sharing the pain

18 December 2008 By Chris Hughes

Talks between the airlines on a merger of equals are off for the foreseeable future. The uncertain business outlook makes managers wary about bold moves. BA is still in talks with Iberia. But while defensive sharebased mergers make sense in a downturn, pulling them off is hard.

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