Air France-KLM 'studying' bid for Iberia

DEAUVILLE, France, Sept 28, 2007 (AFP) - Air France-KLM is 'studying' the case of Spanish airline Iberia but has not yet made a bid for the company, a senior Air France executive said Friday.

'It's a case we're following closely, on which we're working in order to possibly be ready to make some proposals. For the moment we've not made an offer, seeing as how Iberia already has an offer from British Airways,' said Christian Boireau, the airline's executive vice-president commercial for France.

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Air France-KLM preparing bid for Iberia: report

MADRID, Sept 26, 2007 (AFP) - French airline Air France-KLM is preparing a takeover offer for Spanish peer Iberia with several Spanish partners who will take a majority stake in the group, a Spanish newspaper reported on Wednesday.

Expansion, which did not cite its sources, said Air France-KLM would team up with investment company Torreal and publishing and communication group Planeta to launch an offer.

British Airways, in alliance with investment fund Texas Pacific Group, is also preparing an offer for Iberia, which has been looking for a partner since March.

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Air France 'open' to talks with Alitalia, Iberia

PARIS, Sept 5, 2007 (AFP) - French airline Air France-KLM said Wednesday that it was open to takeover talks with Italy's troubled Alitalia carrier, which is seeking a buyer, and with Iberia of Spain.

Air France will 'listen attentively' if talks are sought, chief executive Jean Cyril Spinetta said at a news conference at Roissy aiport near Paris, reiterating comments he made last month.

He said that Alitalia's new restructuring plan, which includes moves to launch another capital increase and cut an unspecified number of jobs, was 'suitable.'

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Iberia reports best second quarter results for five years

MADRID, Aug 2, 2007 (AFP) - Spanish flag carrier Iberia on Thursday reported a 75 percent surge in second quarter net profits, its best quarterly performance in five years.

Aided by a record passenger occupancy rate of 80.2 percent, second quarter net earnings came to 62.6 million euros (85.5 million dollars), up 75.2 percent from second quarter 2006.

At the operating level earnings rose 15.4 percent to 56.8 million euros.

Iberia recorded first half net profit of 74.8 million euros after a loss of 9.2 million in first half 2006.

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