Iberia acquisition (BA)
On Friday there was a rumor going around that BA is planning on acquiring Iberia (which led to an increase in Iberia share price). Any substantiation to this rumor? I know BA has long coveted American Airlines. Seeing as how AA is not likely to be an elgible candidate, does anyone think BA will make acquire Iberia in the immediate future?
It seems like an odd time to make an acquisition, given the pension issues and the recent announcement of planned a/c acquisition. If not true, does BA miss out on the European airline consolidation play by sitting on the sidelines (cutting costs)?