European Union cleared the merger between British Airways and Spanish rival Iberia on 14 July 2010. The merger would create one of the world's biggest airlines. BA and Iberia had signed a merger deal on 8 April 2010 in order to compete more effectively. The tie-up would result in Europe's second-biggest airline by market value after Lufthansa. The merger would combine Iberia's strong position in Latin America with BA's presence in Africa, Asia and North America.
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