Aircraft
Airline Mergers Gather Momentum in Europe and U.S.
The weeks preceding the unforeseen losses caused by
Plans call for Iberia to complete its merger with British Airways by year-end, but the Spanish carrier can still pull out of the marriage if BA doesn't resolve issues such as its pension deficit. (copyright Airbus)
Plans call for Iberia to complete its merger with British Airways by year-end, but the Spanish carrier can still pull out of the marriage if BA doesn't resolve issues such as its pension deficit. (copyright Airbus)

The weeks preceding the unforeseen losses caused by Europe's volcanic ash crisis saw improved trading conditions across much of the airline sector and, in its wake, revived momentum for long-anticipated consolidation between carriers on both sides of the Atlantic.