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BA say it may make bid for Iberia with private equity group

British Airways said today that it is considering how to use its 10% 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. British Airways said that it has not made a final decision about the future of its share holding in Iberia and continues to examine numerous options including full disposal. However, it has ruled out an independent bid for the airline.
Iberia's Latin American routes makes Spain's biggest carrier an attractive target to airlines and private equity groups including Germany's Deutsche Lufthansa and British Airways, according to Chairman, Fernando Conte. British Airways and Iberia are in the One World Alliance, which includes AMR Corp.'s American Airlines. (finfacts.com)