Iberia to go Europe(an)!

IIPM PUBLICATION

As the open-sky agreement was reached between the European Union and the United States last month, the restrictions on North Atlantic travel were eradicated to a great extent. To cash in on the opportunity, the Spanish airlines Iberia Lķneas Aéreas de Espańa – holding 20% air travel market between Europe and Latin America – is keen on striking a deal with a European airline. Taking cue from this, British Airways (BA), on April 23, announced its intentions to increase its stake – as it already holds 10% stake – in Iberia, for which the discussions are ongoing with private equity firms. BA was also in talks with a US buyout firm, TPG, last month, for a $4.6 billion deal.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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