Private equity interest in airlines has continued following the failed bid for Qantas with EXAS Pacific Group and Apax renewing their efforts to secure backing by British Airways in a takeover bid for Iberia.
BA already owns 10 percent of the Spanish airline but has ruled out making a bid on its own. Instead, the UK carrier will tie up with one of the consortiums in what could be a bid worth US$1.3 billion.
A decision could be made tomorrow.
Source: www.cargonewsasia.com
May 14, 2007
BA under pressure from Iberia bid partners
Labels: British Airways
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