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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01385538: Judy Chu and Chu (DS10)

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Document excerpt from Transportation Outlook 2018 referencing BA and Iberia identifying €400 million in annual synergies after five years, with a citation to Chu. The excerpt appears to be from a business or industry report rather than case-specific material.

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the time of the announcement, BA and Iberia identified €400 million of annual synergies (after five years) Transportation Outlook 2018: Going Places (**Chu**

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