Air Transport World

British Airways.

British Airways and American Airlines confirmed plans to take 9% and 1% stakes, respectively, in Iberia as part of its privatization. Iberia valued the 10% at around 58 billion pesetas ($370 million), putting BA's stake at around $333 million and AA's at $37 million. Final price is subject to adjustment depending upon, among other things, valuation of Iberia's 29% holding in the Amadeus CBS when the latter is privatized. …

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