This story has caught my eye, I know it is a day late, but this proposal for the new BA-Iberia airline to go on an acquisition spree is hilarious. OK, so Willie Walsh is a good and tough CEO and no one questions Iberia either - a well run business. However, the airlines are in terrible trouble with their unions, stuck in an unending series of strikes.
Not only that, but BA's pension fund deficit is enormous and the world stock markets have not helped it of late. The company has cash, but this is earmarked for fleet replacement.
Thus the idea that these two companies are well placed to acquire others around the world, like Tony Fernades's AirAsia must be well off the wall. This would as the headline suggests be akin the the 1970's idea of putting all the UK failed car manufacturers together in the hope that a sustainable business emerged.
Not only that, but no one has ever run such a complex services business on a truly global scale before - I really wonder whether it would be possible given the political nature of airline businesses.
Perhaps really this is the last story of the silly season instead.