Iberia says acquisitions may not follow after British Airways merger

Iberia Chairman and CEO, Antonio Vazquez Romero, stated International Airline Group (IAG), the company to be formed through the carrier's merger with British Airways, may not seek takeovers of other carriers once the merger is complete (Reuters, 17-Sep-2010). The company may pursue cooperation or partnerships with other carriers instead of outright acquisitions. British Airways CEO, Willie Walsh, stated in early Sep-2010 that 12 potential targets had been identified by IAG.