Iberia has confirmed to EFE News Agency they will not present a bid in the sale of Cintra's Aeromexico and Mexicana.
Before October 7 the biding consortium had to be formed. There, a local player must have the majority of the stocks. Now, until November 21, the consortium must present their economical and technical proposals.
Globalia (the owner of Air Europa) will present a bid for both Aeromexico and Mexicana. In its consortium, Globalia will have the 25%, and if they finally buy one of the airlines (they can't buy both), their participation will be the 12.5% (as the stocks in sale are the 51%).
There are 4 consortium interested in both Aeromexico and Mexicana (one of them is Globalia) and there is another one just interested in Mexicana.