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Iberia’s widening losses fail to halt share rise

29 January 2009 Press Release Airline News

Shares in Iberia have risen sharply despite the Spanish carrier revealing that profits have nosedived 90 percent last year to €32m (£29.6m).Ahead of a meeting with BA’s Willie Walsh, chairman and chief executive Fernando Conte also said the airline plans to cut capacity by 1.7 percent this year.

Iberia board to study TPG Capital offer

12 April 2007 Press Release Airline News

The board of Iberia will meet Thursday to study a 3.41 billion euro non-binding offer from U.S. private equity firm TPG Capital LLP, El Pais reports, without citing sources.