United Kingdom
United States
Asia Pacific
BA keeps Iberia bid options open
British Airways may join a consortium to bid for Iberia but ruled out making a stand-alone offer for the Spanish airline.
BA, which has a 10% shareholding in Iberia, was responding after the Spanish airline said it had received a bid approach.
In a statement, BA said: “British Airways is considering how to use its 10 per cent holding in Iberia following Iberia’s announcement that it has received a bid approach.
“As part of this process, the airline has approached a number of private equity companies about making a consortium offer for Iberia.
“Any consortium bid would not involve further capital investment by British Airways. As well as a private equity partner, this consortium is likely to include one or more Spanish partners.”
The carrier said it had not made a final decision about the future of its shareholding in Iberia and “continues to examine numerous options including full disposal”.
BA said it had ruled out an independent bid for the airline.
by Phil Davies
Phil Davies
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Boy falls to death on cruise ship
Turkish Airlines flight in emergency landing after pilot dies
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel