The merger was crafted by senior management, including Iberia Chairman, Antonio Vazquez, and Walsh, as opposed to bankers. For Vasquez, who, last year, sold tobacco firm Altadis to Imperial Tobacco, this airline amalgamation cements his status as international dealmaker.
Talks between the two airlines began in June 2008, when Vazquez’s predecessor Fernando Conte was still with Iberia. Vazquez, who has been called, “The Negotiator” by Spanish travel magazine Savia, became Iberia’s executive chairman this July.
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