Stmt on Iberia shareholding

British Airways PLC
23 April 2007



STATEMENT ON IBERIA SHAREHOLDING

British Airways is considering how to use its 10 per cent holding in Iberia
following Iberia's announcement that it has received a bid approach.


As part of this process, the airline has approached a number of private equity
companies about making a consortium offer for Iberia. Any consortium bid would
not involve further capital investment by British Airways. As well as a private
equity partner, this consortium is likely to include one or more Spanish
partners.


British Airways has not made a final decision about the future of its share
holding in Iberia and continues to examine numerous options including full
disposal.  However, it has ruled out an independent bid for the airline.

                                      Ends


April 23, 2007
                      054/LG/07




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