Air Transport World

Spain will proceed.(Statistical Data Included)

Spain will proceed with the final stage of privatizing Iberia with an IPO of its remaining 53% stake on or around Nov. 22, according to SEPI Chairman Pedro Ferreras. The process is back on track after settlement of a tense dispute over control of the airline between British Airways and five Spanish institutions that will jointly hold 30%.

According to final terms of the deal, the combined 10% stake in Iberia that BA and American will acquire will carry 33% political weight among reference shareholders. …

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