British Airways, which already holds 10% of Iberia, yesterday confirmed it has joined a consortium considering a bid for the Spanish carrier. "British Airways has joined with TPG Capital, Vista Capital, Inversiones Ibersuizas and Quercus Equity to investigate a possible consortium offer for Iberia," the airline said in brief stock exchange statement, adding that there is "no guarantee that a formal bid will be made." BA also noted that it "has previously ruled out further capital investment ...

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