Following earlier indications by British Airways, who are joining a consortium to bid for Spanish Flag-carrier Iberia, Air France-KLM has yesterday admitted that they are preparing to launch a bid for Iberia together with several Spanish companies, Madrid’s Expansion newspaper reported. The consortium likely would include investment firm Torreal and publishing house Grupo Planeta, which currently is the largest shareholder in Vueling Airlines (a Spanish low-cost). The AF KLM offer would keep 51% of Iberia in Spanish hands, allowing it to maintain its traffic rights for non-EU and US routes. In recent weeks, as Airlineworld has reported as well, AF KLM Chairman and CEO Jean-Cyril Spinetta has stated several times that the group is “studying” the Iberia dossier, while admitting that they will be open to Alitalia as well, would the Italians decide to talk to them.
British Airways is also planning a potential merger with Iberia though a consortium which would also probably leave 51% in Spanish ownership for the same reasons (flight rights) as AF-KLM.
It is really interesting to follow this story, that includes several players: Iberia – the bride, with fellow oneworld member BA and bigger rival AF-KLM in the role of the potential grooms! But knowing that AF-KLM is also considering proposing to the ripped-off Italian girl: Alitalia if she would express her interests… What a love-circle! 🙂