British Air Merger Called Off
From Reuters
LONDON — The proposed merger of the nation’s two largest airlines, British Airways and British Caledonian, was called off today after the government said it would send the bid to its monopolies commission for study.
A statement from British Caledonian, which British Airways offered to take over for $372 million, said the proposed merger was ended. But British Airways said although the deal was halted, it would submit a new bid depending on the outcome of the monopolies commission report.
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