Air Transport World

After much squabbling.

After much squabbling among investors, British Airways concluded an agreement with Spanish government holding company SEPI and other core shareholders, paving the way for BA to take a 9% stake in Iberia as part of the Spanish airline's privatization. AMR Corp. will take 1%.

BA will invest approximately 41 billion pesetas ($250 million) for its stake, an amount that values the entire airline at 2.73 billion euros ($2.74 billion), more than 20% below the initial 3. …

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