BA/IAG shareholding
Bean, the rights issue earlier this year changed things, BA still owns 3percent of FlyBe..
Here is more detail:
IAG starts selling Flybe stake
20 JUN 2014 14:46 GMT+01:00 (London) DAVID KAMINSKI-MORROW
British Airways parent IAG has sold a batch of shares in UK regional operator Flybe Group, reducing its stake to less than 3%.
The airline group had held a 14.5% share of Flybe before the carrier carried out a new share issue earlier this year, which diluted IAG’s stake to 5%.
Flybe says that IAG, which had held 10.9 million shares in the company, has sold a batch of its stock which reduces its stake to less than 3%.
It has not clarified IAG’s remaining shareholding in Flybe.
At Flybe's current stock price the 5% stake would be worth around £13.5 million ($23 million).
British Airways took its original stake in Flybe as part of a 2006 transaction in which Flybe took over the BA Connect regional operation.