Statement on Iberia

British Airways PLC
22 May 2007




STATEMENT ON IBERIA



British Airways has joined with TPG Capital, Vista Capital, Inversiones
Ibersuizas and Quercus Equity to investigate a possible consortium offer for
Iberia. There is no guarantee that a formal bid will be made.



The airline has previously ruled out further capital investment as part of any
consortium offer and will not make an independent bid for the airline.



Ends



May 22, 2007
                            065/LG/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. Information on some
factors which could result in material difference to the results is available in
the Company's SEC filings, including, without limitation the Company's Report on
Form 20-F for the year ended March 2007.


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