Partner Article

BA signs £4bn deal

BA has signed a transatlantic tie-up with American Airlines and Iberia that, it says, is worth a combined £4.4bn a year.

The deal allows the airlines to share passengers and costs on flights between the European Union, Switzerland and Norway and the US, Canada and Mexico.

BA said the joint business would launch next month and give customers “greater access to discounted fares”.

A tie-up between the airlines received regulatory approval this summer.

The tie-up had been vigorously opposed by rival Virgin Atlantic, which said it would create a “monster monopoly”.

BA has already signed a merger agreement with Spain’s Iberia to form a new company called International Airlines Group.

This was posted in Bdaily's Members' News section by Ruth Mitchell .