12 Nov, 2009 @ 19:16
1 min read

Chocs away!

SPANISH airline Iberia has agreed a merger with British Airways following 16 months of negotiations, according to Spanish sources.

The merger will see BA land a 55 per cent share in the company with Iberia owning 45 per cent.

The terms of the deal mean the company’s headquarters will be based in London.

It is thought that BA’s chief executive Willie Walsh will be the company’s new CEO and Iberia’s president, Antonio Vasquez, will be the chairman.

BA already owns 13.5 per cent of Iberia, and the two carriers have a code-sharing agreement under the One World grouping of airlines, which allows them to sell seats on each other’s services.

An initial bid from BA for it to own 60 per cent of the Spanish airline was rejected.

The merger will create the world’s third-largest airline by revenue. BA has, as yet, not confirmed the deal.

Both airlines will keep their names and fly as independent brands under the deal.

In other airline news, budget airline jet2.com has expanded its reward scheme to include British expatriates with a Spanish residential address.

Those signing up to the loyalty scheme, myjet2, before the end of November will be credited with 100 free bonus points – 600 points gets you a one-way flight from mainland Spain.

Every pound or euro spent on a flight, including the taxes, gains you one reward point.

Jon Clarke (Publisher & Editor)

Jon Clarke is a Londoner who worked at the Daily Mail and Mail on Sunday as an investigative journalist before moving to Spain in 2003 where he helped set up the Olive Press.

After studying Geography at Manchester University he fell in love with Spain during a two-year stint teaching English in Madrid.

On returning to London, he studied journalism and landed his first job at the weekly Informer newspaper in Teddington, covering hundreds of stories in areas including Hounslow, Richmond and Harrow.

This led on to work at the Sunday Telegraph, Sunday Mirror, Standard and even the Sun, before he landed his first full time job at the Daily Mail.

After a year on the Newsdesk he worked as a Showbiz correspondent covering mostly music, including the rise of the Spice Girls, the rivalry between Oasis and Blur and interviewed many famous musicians such as Joe Strummer and Ray Manzarak, as well as Peter Gabriel and Bjorn from Abba on his own private island.

After a year as the News Editor at the UK’s largest-selling magazine Now, he returned to work as an investigative journalist in Features at the Mail on Sunday.

As well as tracking down Jimi Hendrix’ sole living heir in Sweden, while there he also helped lead the initial investigation into Prince Andrew’s seedy links to Jeffrey Epstein during three trips to America.

He had dozens of exclusive stories, while his travel writing took him to Jamaica, Brazil and Belarus.

He is the author of three books; Costa Killer, Dining Secrets of Andalucia and My Search for Madeleine.

Contact jon@theolivepress.es

4 Comments

  1. “600 points gets you a one-way flight from mainland Spain”. Are you trying to tell us something?? :)
    Interestingly, if you rearrange the letters of “British Airways” and “Iberia” you get “It’s Iris, a haywire Rabbi”. Sorry, I was reading this on my coffee break and couldn’t think of anything more insightful!

  2. >couldn’t think of anything more insightful

    Btw did you know that your name is an anogram of:

    HORROR’S HOT, STILL DOG-CHEAP

    Sums up Spain and all those bargain properties on your website Christoper.

  3. @FRED: Interesting anagram although all our properties are 100% legal and we have passed two inspections now by the Junta with flying colours. There are not many agencies that can boast that. It does pay off being honest though as we have a good reputation here in the pueblo and along the Costa. At the end of the day, we live here and see our customers regularly so the last thing a business wants are a lot of unsatisfied, unhappy customers.

  4. For those of you that like Aviation, there is a real Concorde in the National Museum of Flight, near Edinburgh. You get to board the plane and see it in all it’s glory and learn how it made it’s final journey to rest in Scotland (and it wasn’t by air).

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