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BA TO BUY MINORITY STAKES IN EUROPEAN AIRLINES
UK, BA plans to buy minority stakes in european carriers to strengthen its position in the industry. The airline currently holds 9 per cent shareholding in Iberia, the Spanish flag carrier, and code-sharing ties with many other European airlines, including Aer Lingus and Finnair. Rod Eddington, BA's chief executive, said the other priority is to consolidate the airline's operations.
AVIONEWS - World Aeronautical Press Agency