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After over a year of talks, British Airways (BAIRY.PK +5%) and Iberia say they have come to...

After over a year of talks, British Airways (BAIRY.PK +5%) and Iberia say they have come to agreement on a "merger of equals." BA's stock will make up 55% of the new airline (set to be the world's third-biggest by revenue), and BA CEO Willie Walsh will hold that title going forward, while Iberia Chairman Antonio Vazquez will be chairman.
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