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Aircraft and crisis: IAG risks to loose 12% of its shares

London, United Kingdom - Concerns about potential investors

IAG, the International Airlines Group formed by British Airways and Iberia in Jan 2011, is facing the risk of loosing control power over 12% of its shares. More precisely, 12.09% of its shares is held by its largest single shareholder, the Banco Financiero y de Ahorros. To cover exposures to real estate, deteriorating loans and accounting discrepancies, the bank is in need of a massive bailout from...

AVIONEWS - World Aeronautical Press Agency - 1141509
Rome, Italy, 05/31/2012 14:20
AVIONEWS - World Aeronautical Press Agency

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