Air Transport World

BA joins TPG in possible Iberia bid.(FINANCIAL RESULTS, NEW DEALS, AND REPORTS FROM EVERY CORNER OF THE GLOBE)(British Airways PLC joins Texas Pacific Group)(Brief article)

British Airways, which already holds 10% of Iberia and has the right of first refusal on a further 30%, confirmed it joined TPG (formerly Texas Pacific Group) in a consortium considering a bid for the Spanish carrier but said in a statement that there is "no guarantee that a formal bid will be made." BA noted that it "has previously ruled out further capital investment [in IB] and will not make an independent bid for the airline. …

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