British- Spain airway create the 2nd largest airline in Europe

Oita Godo Newspaper (evening edition on November 13, 2009)

London- The biggest airway of England, British Air West (BA) and Spain's airway, Iberia are going to hold the public ceremony of joining the business in 12^th January 2010. They announce that the essential agreement was approved by both sides already.

Amount the European airlines, by boarding distance in total now, excepted German's Luftansa, they are going to rank the second largest airline company in Europe and the 5^th largest company in the world. Due to the worldwide Airline business condition, to avoid being under danger the combination of companies is a good idea. Not only sharing and expand the stocks but also accelerate the rationalization.  

British Airline will put 55 percents of the whole shareholders to this new coming combined company. The headquarters would locate in Madrid, but the executive management would run in London.

Comment: These days it is not weird news to hear that the big companies get combined together, after we heard the incredible collapse of many big companies. Now might be the hardest time for everyone, both small and big businesses. I think this is rather good news for us that at least we will not see more unemployed people on the road.

PUNTHUCHAT Siripun

Thailand

APS4, Ritsumeikan Asia Pacific University