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Last day for BA name on London Stock Exchange

The British Airways name is to be removed from London Stock Exchange screens at the end of the day with the shares starting to trade from Monday as International Airlines Group.

The new name for the company incorporates Iberia after the £5.3 billion all-share merger between the two airlines. Madrid-registered IAG, which will be headquartered in London and run by current BA chief executive Willie Walsh, will have a combined fleet of 419 aircraft, carrying almost 55 million passengers a year. Annual sales are expected to be around £11.7 billion.

The holding company will sit above the two operating businesses, which will retain their brands, national identities and flying rights. Walsh plans to expand IAG by acquiring other airlines. He disclosed in September that there were 12 potential buy-out targets.

BA was originally listed on the London Stock Exchange in February 1987 under the chairmanship of Lord King.

 

 

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