When International Airlines Group (IAG) was formed by the merger of British Airways and Iberia, CEO Willie Walsh announced a grand list of acquisition targets. Only a year and several iterations of the European banking crisis later, part of IAG is now up for grabs. Admittedly, that is not only caused by the difficult times that European airlines in general and IAG in particular are facing. The new situation is a direct consequence of the Spanish banking crisis. Bankia, initially a ...

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