British Airways purchases American Airline's remaining stake in Iberia

British Airways purchases American Airline's remaining stake in Iberia

*Travel News Asia*	*Thursday, 16 November 2006*

British Airways has purchased American Airline's remaining stake in Iberia which amounts to around 1% of Iberia's issued share capital for approximately 19 million euros (or £13 million).

This now takes BA's total share holding from some 9 to 10%. The transaction is intended to preserve British Airways' two seats on the Iberia board.

The two airlines made their original investment in Iberia in 1999 though a holding company. BA owns 90% of BA & AA Holdings Limited, which in turn currently owns around 10% of Iberia.

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