MADRID, Nov 12 (Reuters) - Spanish airline Iberia's (IBLA.MC) board has approved a merger with British Airways (BAY.L), El Pais reported on its website on Thursday.
Iberia chairman Antonio Vazquez will be chairman of the new company, whose headquarters will be in London, the newspaper said.
Iberia declined to comment on the report.
(Reporting by Tracy Rucinski, Robert Hetz; Editing by Jason Webb)
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