Showing posts with label Airways. Show all posts
Showing posts with label Airways. Show all posts

British Airways: chronology of the merger of the Iberian Peninsula

A British Airways plane lands at Heathrow as an Iberia airplane waiting to take off.?Photo: PA

1998: BA undertakes to take a stake in the Iberian Peninsula, with American Airlines.Iberia belonged again later by the Spanish Government.


2003: BA and Iberia earn European approval for the operation of an alliance in the European Union.


2004: Iberia announces plans to start the commune with BA flights images Spain and the United Kingdom accounts.


2004: BA sells its stake in Qantas lifting m £ 425, increasing speculation it would increase its stake in 9pc Iberian Peninsula.


2006: BA purchased set of American Airlines, Iberia, raise its participation to 10pc autour.


2007: In may, BA has joined a bid group led by company TPG Capital to make an offer of the Iberian Peninsula.Group withdrew its offer to support (£ 2 9bn) of €3 in November of this year.


2008: BA, American Airlines and Iberia announce a transatlantic mooring in order to work together on the roads between the United States Mexico, the Canada, Europe.


2008: December, Iberia shares climb after a docking between BA and Qantas is called on the prospect of another merger with Spanish airline.


2009: BA reveals plan to cut 1,700 cabin at the United Kingdom and start pay two years for cabin crew base gel.


2009: November, BA and Iberia announce intent to merge, creating a mixed society worth represents €.(£ 4 5bn) .the ' objective is to complete the transaction at the end of December 2009 2010.Toutefois BA reveals that he has a £ 3 pension deficit. 7bn, which becomes a major impediment in the negotiations of the merger.


2010: In April, BA and Iberia sign agreement to merge, creating second airline Europe.


2010: BA and Iberia shareholders on 29 November, organize meetings in London and Dublin to accept the agreement, which will see the name of British Airways disappear from the FTSE 100 24 January 2011, when the combined company will begin trade International Airlines Group.BA shareholders overwhelmingly voted in favour.


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British Airways crew cab suspension raises further concerns strike

Join allege "long" Andrea Molton, cabin crew member has been suspended by BA to launch a collection of Christmas for colleagues in suspension and looted.

In a letter to Tony McCarthy, Director of the BA relationships with employees, Tony Woodley, the Secretary General of the spouse of unit, said action disciplinary "beggar belief... at this time sensitive industrial relations.He added: "this suspension is bullying and vindictive attitude among some managers of BA I said several times represents a major obstacle to any regulations of our conflict actuel.Je am urging you to intervene to lift the suspension of Andrea immediately, otherwise the consequences will be rest entirely with the direction."

BA has been locked into conflict with his crew cabin of 14 months and two weeks previously unite scrapped plans to hold a ballot on the final offer of the Union compagnie.Le says it seeks urgent talks with the company on how to resolve disagreements, which began in the reduction of costs and worsened when BA suspended to a certain number of workers and withdraw benefits travel staff on strike.In his last offers BA offered to restore the benefits of travel over time.

In response to the letter of the unit, a BA spokesman said: "a cabin crew member has been suspended after an allegation of intimidation and harcèlement.Processus disciplinary company is in place for several years and it has been agreed with all unions, including Unite.Comme a company responsible for us would not disclose details of individual cases."


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British Airways fined 104 m € for role in air cargo cartel

British Airways was found guilty following a three year investigation.?Photo: AP

The UK flag carrier was one of 11 airlines écopés 799 m € for rigging supplements fuel and security over six years, spanning December 14 1999 février.La EC decision leaves carriers exposed to damages from class-action client applications representing €6bn of freight traffic.


After a three-year investigation, the European Commission found carriers began setting fuel surcharges and then "extended their cooperation by introducing additional security.


Joaquin Almunia, Vice-President of the European Community of the competition stated: "it is unfortunate that so many important Airlines coordinated their prices to the detriment of European companies and European consumers."


Air France-KLM was delivered to the largest fine to EUR 310 million while the air cargo carrier Cargolux is paying a €79.9 m penalty and Singapore Airlines, SAS Scandinavian air .Compagnie EUR 75 million was sentenced to a fine of €70.m 2, with the penalty has increased for a second offence of cartel 50pc.As denunciation, Lufthansa has escaped fines.


BA said the sentence, which was cut by 10pc to cooperate with the European Commission, "fall within the provision" 350 million from £ put aside in its accounts 2006-2007 to address fines or relating to the fixing of the EC fine prix.Avant claims he had paid 174 m £, mainly to deal with the Department of justice.


BA faces damages claims, however, companies represented by Hausfeld & co, filed with the High Court of UK.Il can also become involved in a similar case brought by the Dutch company BarentsKrans in Amsterdam.


Anthony Mason, a partner at Hausfeld, said the decision of the European Community meant "these airlines can now wisely seek to ensure their liabilities.


The European Commission dropped charges against 11 carriers and a consultancy firm.


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