Iberia to merge with BA despite £3.7bn deficit concerns

clock

Iberia will merge with British Airways after the Spanish airline's board of directors gave the green light to its 16-year deficit recovery plan.

Under the terms of the deal - reached in November last year (PP Online, 13 November) - Iberia was entitled to terminate the merger if the outcome of discussions between BA and its pension trustees ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Clara announces superfund deal with Church Mission Society Pension Scheme

Clara announces superfund deal with Church Mission Society Pension Scheme

Deal is both first in charitable sector and first to make use of connected covenant structure

Jonathan Stapleton
clock 17 June 2025 • 9 min read
What will the 2025 LGPS valuations have in store?

What will the 2025 LGPS valuations have in store?

Rob Bilton says the 2025 valuations will not just be about numbers

Rob Bilton
clock 12 June 2025 • 4 min read
Partner Insight: Endgame strategies for DB schemes

Partner Insight: Endgame strategies for DB schemes

Aon
clock 11 June 2025 • 1 min read
Trustpilot