Iberia may buy BA's Go airline

Published November 19th, 2000 - 02:00 GMT

Spanish airline Iberia is considering an offer for British cheap flights operator Go which British Airways is selling, the Madrid economic daily Expansion said Saturday, November 18. 

 

Iberia wants to expand to make itself more competitive in Europe and is interested in Go's planes, personnel and landing and takeoff rights. 

 

Go is valued at between 100 and 300 million pounds ($450 million), said Expansion. 

 

BA, which is Iberia's partner within the Oneworld alliance and which has a nine percent stake in the Spanish company, announced November 6 that it was selling Go, based at London's Stansted airport. 

 

Iberia, which is to be totally privatized by the end of the year, is currently in negotiations to takeover another Spanish airline Air Europa.— (AFP)  

 

© Agence France Presse 2000  

© 2000 Mena Report (www.menareport.com)

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