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
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Gatwick braces for strike