Air Transport World

British Airways.

British Airways is expected to take a 9% stake in the projected joint shareholding with American of 10% in Iberia, once details still under negotiation are resolved. The investment, valued between Pta52 billion and Pta58 billion ($368-411 million), is contingent on the Spanish airline's privatization this year, as well as Xabier de Irala's remaining as chairman, BA Chief Executive Robert Ayling declared specifically. …

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