{"id":95785523,"date":"2010-09-27T12:59:00","date_gmt":"2010-09-27T12:59:00","guid":{"rendered":"http:\/\/www.cheapoair.com\/miles-away\/british-airways-iberia-move-one-step-closer-to-merger\/"},"modified":"2010-09-27T12:59:00","modified_gmt":"2010-09-27T12:59:00","slug":"british-airways-iberia-move-one-step-closer-to-merger","status":"publish","type":"post","link":"https:\/\/www.cheapoair.com\/miles-away\/british-airways-iberia-move-one-step-closer-to-merger\/","title":{"rendered":"British Airways &#038; Iberia Move One Step Closer to Merger"},"content":{"rendered":"<p>\n&nbsp;\n<\/p>\n<div style=\"text-align: center\">\n<img loading=\"lazy\" decoding=\"async\" src=\"\/miles-away\/wp-content\/uploads\/files\/2010\/9\/iberia.jpg\" alt=\"Iberia merger with British Airways to be completed by end of year\" title=\"Iberia merger with British Airways to be completed by end of year\" width=\"450\" height=\"340\" \/>\n<\/div>\n<p align=\"left\">\n&nbsp;<br \/>\n<strong>Iberia merger with British Airways to be completed by end of 2010<\/strong>\n<\/p>\n<p>\n&nbsp;\n<\/p>\n<p>\nThe $8 billion merger between British Airways and Iberia received a thumbs up from regulators.\n<\/p>\n<p>\n&nbsp;\n<\/p>\n<p>\nWhat that means is the biggest obstacle standing in the way of allowing the two carriers to join forces is now behind them.&nbsp;\n<\/p>\n<p>\n&nbsp;\n<\/p>\n<p>\nBA and Iberia will now move ahead with their planned merger, which they both been eager to do, however with BA&#39;s $5.8 billion deficit in their employee pension fund, it was putting the deal in jeopardy.\n<\/p>\n<p>\n&nbsp;\n<\/p>\n<p>\nWith the new agreement back earlier this summer, British Airways stated it would put aside an estimated $500 million each year until 2026 to help lower the deficit. Iberia&#39;s shareholders have been willing to wait it out and see what BA would come up with before nixing the entire merger idea.\n<\/p>\n<p>\n&nbsp;\n<\/p>\n<p>\nBritish Airways and Iberia have set a November deadline to complete the merger process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; &nbsp; Iberia merger with British Airways to be completed by end of 2010 &nbsp; The $8 billion merger between British Airways and Iberia received a thumbs up from regulators. &nbsp; What that means is the biggest obstacle standing in the way of allowing the two carriers to join forces is now behind them.&nbsp; &nbsp; [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-95785523","post","type-post","status-publish","format-standard","hentry","category-other"],"_links":{"self":[{"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/posts\/95785523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/comments?post=95785523"}],"version-history":[{"count":0,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/posts\/95785523\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/media?parent=95785523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/categories?post=95785523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/tags?post=95785523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}