Oneworld partners British Airways and Iberia yesterday confirmed that the boards of both carriers "unanimously" support negotiations "with a view to an all-share merger between the two companies." Eight months ago, a consortium including BA and private equity firm TPG Capital withdrew a €3.4 billion ($5.35 billion) bid for the Spanish carrier after Caja Madrid increased its own stake to 23.3% from 10% (ATWOnline, Feb. 7). Speculation regarding a tie-up never really died down, however, ...

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