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Air France KLM considers tie-up with Iberia

17 July 2007

Air France KLM said it is looking at the possibility of a tie-up with Spanish airline Iberia, which is already a takeover target.

Air France KLM could team up with private equity company Apax in a consortium that was ready to bid 3.8 billion euros ($5.24 billion) for Iberia.

Air France KLM, the world’s biggest airline in terms of revenue, repeated it intended to play an active role in the consolidation of the airline industry.
source: Reuters

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