British Airways sells Air Liberte to French group

Article Abstract:

British Airways has sold off Air Liberte to a Swissair-linked investment consortium in France for 40 million pounds (68 million euros). Air Liberte performed unprofitably for British Airways.

Asset sales & divestitures, France, Air Liberte

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Concorde transcript confirms seriousness of engine problems

Article Abstract:

The transcript of the Concorde plane crash in France revealed that only two of its engines are operating. French civil aviation authorities suspended the airworthiness certificate of the Concorde.

United States, Product standards, safety, & recalls, Facilities & equipment, Accidents, Concorde (Aircraft)

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British Air sees Iberia on horizon: takeover would end string of stumbles, boost consolidation in Europe

Article Abstract:

British Airways PLC has joined a consortium that includes TPG Capital and Spanish investment firms Quercus Equity, Inversiones Ibersuizas S.A., and Vista Capital de Expansion to purchase Spain's Iberia Lineas Aereas de Espana S.A. airline. British Air already owns a 10% stake in Iberia and the right of first refusal to an additional 27%, and has already presented Iberia with a $4.59 bil offer prior to joining the Spanish investors.

Strategy & planning, Acquisitions & mergers, Air Transportation, Scheduled, And Air Courier Services, United Kingdom, Planning, Company acquisition/merger, Spain, Company business planning, Iberia Lineas Aereas de Espana S.A.

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