If British Airways and Iberia do finally manage to get together, as now seems increasingly likely, the last foundation stone will be set in place in Europe’s future airline structure – and probably America’s too, as American Airlines seeks a close commercial relationship with the British flag, to create a potentially powerful love triangle. It has been a long courtship, with considerable infidelity along the way. British Airways bought its 9% share in Iberia nine years ago and the two have been seeing each other on and off ever since, with BA recently increasing the shareholding to 13.2%.
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