BA ‘considers’ bid for Spanish airline
“The consortium is considering its position based on the information available from Iberia,” Sophie Greenyer, a spokeswoman for London-based BA, said yesterday. “We’re still looking at the detail. There’s nothing new to add.”
The group, led by BA and TPG, will cut its offer for Madrid-based Iberia, the Sunday Telegraph said, citing an unidentified person close to the deal. BA and TPG are concerned about the cost of borrowing and the prospect of falling air fares, the London- based newspaper said.
