British Airways PLC (BAY.LN), an airline company, announced Tuesday that BA Holdco SA (a new Spanish company formed on behalf British Airways), Iberia, Líneas Aéreas de España, S.A. and International Consolidated Airlines Group S.A. (IAG) have signed a merger plan document which is required under Spanish law to implement the merger between British Airways and Iberia.

MAIN FACTS:

-The merger timetable remains unchanged.

-It is expected that both airlines will hold shareholder meetings to approve the transaction in November 2010 with completion expected to occur one month later.

-Completion of the merger remains subject to regulatory approval from the European Commission.

-It is also conditional on the U.K. Pensions Regulator not challenging the pension recovery plan agreed between British Airways and its pension trustees and approval of that plan by Iberia before September 30.

-Shares closed Tuesday at 197 pence.

-By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; zechariah.hemans@dowjones.com