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A shareholder of thin attended meeting in London, BA Chairman Martin Broughton revealed that more investors 99pc company - including proxy - voters have approved the agreement.

Shareholders of Iberia also voted a reciprocal meeting in Madrid to create International Airlines Group (AIG) - carrier mixing strengths of BA on the North Atlantic with Iberia's Latin America to operate a combined fleet of 406, carrying passengers 57.5 m per year.

A registered holding company Madrid - International Consolidated Airlines Group - sitting above AIG will be which possess the BA and Iberia.Ils operating companies will protect their brands, national indentities and rights of flights and is headquartered in London.

Willie Walsh, CEO, BA will have the same role at Geneva International Airport - whose name replace BA on the screens of the stock exchange where the shares of the merged company start deals on January 24.

Despite the resounding vote in favour, he had a dissent QE2 at Westminster, conference centre where only about 80 shareholders have speech.

John Farmer, a pillar of the meetings of the shareholders, charged the jury to make a "tactical" error accepting an organizational structure that has ensured that all PGI investor meetings took place in Madrid - today is the last these reunions to United Kingdom shareholders of BA.

Martin Broughton, President of BA struck back saying that by admitting Madrid registration transaction, convinced of Iberia requires that the agreement appears to be a merge, not a takeover by the airline UK.Dans taken control, suggested Mr. Broughton, Iberia would have demanded a "premium", leaving the shareholders of BA with less than the combined group that they now have 56pc.

"I think it is better to have operational headquarters in the residence of the United Kingdom and the tax in Spain vice versa", added Mr. Broughton.

Requested by another shareholder if he believed that it was "good moment to have a merge" with Iberia, taking into account the economic problems of the Spain Mr. Broughton answered with a single word answer: "Yes."

Some shareholders employee wondered how BA could move forward with the agreement while he was still in conflict with its cabin crew. "This dispute is a problem of BA entièrement.Il is not affected by the merger, "said Mr. Broughton."

Cabin crew Union Unite should make an announcement this afternoon, which many believe will be a call for a new strike ballot.

After that meeting, Mr. Walsh has reiterated its conviction that Geneva International Airport would be a means of further consolidation in the airline industry, but had nothing to add to his comments surprised had compiled a list of prospective supported target 12 September.

BA shares slipped 0.3 percent 271.6 trade afternoon at the beginning.

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