FAIR USE EXCERPT
A flurry of interest in two European airlines in recent weeks is unlikely to pave the way to large-scale consolidation of the industry, according to the chief executive of British Airways.
One airline already in play is Iberia, the Spanish national carrier which has received a €3.4bn (£2.3bn) takeover approach from TPG Capital, a US private equity firm. BA owns a 10% stake in Iberia and has appointed investment bank UBS to advise on the holding. The BA boss indicated that he was not interested in taking over Iberia, reiterating the company's statement last week when it said a sale was one of the options for the stake.
quite an interesting article. I was surprised that it hasn't already been posted but a search turned up nothing.