Air France KLM is preparing to launch a bid for Iberia in conjunction with several Spanish companies, Madrid's Expansion newspaper reported. The consortium likely would include investment firm Torreal and publishing house Grupo Planeta, which currently is the largest shareholder in Vueling Airlines. The AF KLM offer would keep 51% of Iberia in Spanish hands, allowing it to maintain its traffic rights for non-EU and US routes. In recent weeks, AF KLM Chairman and CEO Jean-Cyril Spinetta has ...

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