IT HAS THE FLAG AND THE NAME – BUT IS IT BRITISH ?
British Airways has been forced to prove itself sufficiently British to stay in the FTSE 100 after its proposed merger with Iberia. The new holding company for BA and Iberia will be called International Airlines and will be incorporated in Spain. It will also have a listing in Madrid, which according to FTSE rules makes the British flag carrier Spanish. BA is understood to have had three meetings with FTSE International, the company that arranges the FTSE 100.
