British Airways shareholders last week voted to create a "special share" to permit majority foreign ownership. The carrier is 46% owned by non-UK investors, but must remain under UK control to continue as a UK airline under European and international rules. The special share will ensure voting rights remain majority UK. It will be used only if foreign investors threaten to override UK investors in a vote at an annual general meeting, and will have the power to override a foreign majority in the favour of UK voters. The move will open the way for further overseas investment in the flag carrier and possibly allow a merger with a foreign airline. Meanwhile, BA and Iberia will apply before the end of the month for anti-trust immunity for their planned collaboration, Iberia confirms. The airlines plan to co-operate on London-Madrid and London-Barcelona services, sharing check-in desks, business lounges and other facilities.

Source: Flight International