The planned British Airways/Iberia merger has cleared another hurdle, with the Spanish carrier approving its partner’s pension recovery plan. BA drew up a programme to address its £3.7 billion pension deficit in June, and a term of the proposed merger agreement gave Iberia the option of aborting the tie-up it if considered that the plan was “detrimental to the economic premises of the proposed merger.” In a statement, BA says that having reviewed the recovery plan, “Iberia’s board of ...

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