Hi Condorox
Donīt know if paranoid or Nationalistic but a few things spring to mind... a cash tight BAīs employee pension fund; a 2000000000 Euros cash assets in IBīs pockets; a possible future near zero BA expansion at LHR due to airport capacity; a low time fleet; a 20% share market share in SA. And if, and only if, IAG = BA, at zero cost for BA
Wouldnīt know if any of this represents the truth of the reality but it could certainly be easily presented as a feasible scenario.
In any case, SEPLA is playing his cards the way it sees fit... and I, personally, donīt blame them.
Not IB myself...
WSA