British Airways yesterday gave little credence to concerns that it has fallen behind major European rivals in the rush toward consolidation, insisting it must move at its own pace. Instead it confirmed an increase in its Iberia stake to 10.1% from 10% that "ensures we continue to derive tax and accounting benefits," according to CFO Keith Williams. It is unclear if BA is contemplating a second bid for its oneworld partner, but earlier in the day, speaking at a European Aviation Club event in ...

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