Iberia decided not to participate in the privatization of AeroMexico and Mexicana, citing unfavorable market conditions. According to AFX in Madrid, Iberia Chairman Fernando Conte previously expressed concern over the ability of the two airlines to compete with their current business structure against emerging low-cost carriers. He also was not satisfied that foreign investment would be kept to 25%. However, according to Reuters, Spain's Globalia, which owns Air Europa, is interested in ...

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