Air France KLM considers tie-up with Iberia
17 July 2007Air 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
