Independent journal on economy and transport policy
13:30 GMT+1
BA buys stake in Iberia
(BBC News)
December 15, 1999
British Airways, American Airlines and five Spanish firms have agreed a deal to buy 40% of the Spanish airline, Iberia, as part of a long-delayed privatisation.
British Airways itself has taken a 9% stake, and become Iberia's major industrial partner.
It is investing about £155m and has the right to appoint two directors to the Spanish national carrier's ...... Read more on BBC News
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