BA TPG CONSORTIUM WITHDRAWS

British Airways PLC
27 November 2007






BA TPG CONSORTIUM WITHDRAWS


The British Airways and TPG consortium have confirmed they have formally
withdrawn their interest in bidding for Iberia.

In a letter to the Iberia board the consortium said:

'As a consequence of the recent decision taken by Iberia's core shareholders,
the consortium formed by British Airways, Ibersuizas, Quercus, TPG and Vista
Capital, has come to the conclusion that it is not possible to pursue a
potential takeover bid since the consensus and friendly terms that we considered
essential for this Project are no longer in place.  We have thus decided
unanimously to withdraw our indication of interest for the Company.'



                                      Ends



            November 27, 2007                    119/KG/07


Certain information included in these statements is forward-looking and involves
risks and uncertainties that could cause actual results to differ materially
from those expressed or implied by the forward looking statements.

Forward-looking statements include, without limitation, projections relating to
results of operations and financial conditions and the Company's plans and
objectives for future operations, including, without limitation, discussions of
the Company's Business Plan programs, expected future revenues, financing plans
and expected expenditures and divestments. All forward-looking statements in
this report are based upon information known to the Company on the date of this
report. The Company undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information, future events
or otherwise.

It is not reasonably possible to itemize all of the many factors and specific
events that could cause the Company's forward looking statements to be incorrect
or that could otherwise have a material adverse effect on the future operations
or results of an airline operating in the global economy.




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