British Airways (London) missed its March 31 deadline to sign a definitive agreement for a $7.6 billion merger with Iberia Lineas Aereas de Espana S.A.

According to BusinessWeek, the delay is for “technical reasons” and the U.K. carrier expects to sign an accord “in due course,” spokeswoman Laura Goodes said. She declined to specify the reasons for the holdup.

Read the full report:

http://www.businessweek.com/news/2010-03-31/british-airways-misses-deadline-for-iberia-agreement-update1-.html