If British Airways succeeds in its planned merger with Spain’s Iberia, Willie Walsh, its chief executive, will go down as the man who finally completed a major deal for BA.
The airline has had several attempts at tie-ups with large airlines before, such as KLM of the Netherlands and Australia’s Qantas. But until now, its firmest successes have been the more modest acquisitions of British Caledonian, in the late 1980s, and Dan Air, a few years later, which it bought for £1.

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