British Airways seeking partners for Iberia bid

British Airways confirmed yesterday that it approached "a number" of unidentified private equity companies about participating in an offer for Iberia, of which BA holds 10%, saying it has ruled out an independent bid. "As well as a private equity partner, this consortium is likely to include one or more Spanish partners," the airline said in a statement, adding that "any consortium bid would not involve further capital investment by British Airways." BA holds a right of first refusal on an ...