Iberia's largest shareholder, Caja Madrid, said British Airways will have to bring something "significant" to the carrier or it might leave oneworld and look to join another alliance, Reuters reported. "Iberia does not need to change partners. It does not need capital," Caja Madrid Chairman Miguel Blesa said. "Iberia needs a good alliance--a stable alliance with a big operator. There are three: British, Lufthansa or Air France." He added that "if British [Airways] offers something significant to the future of the company during conversations that have just started, it would appear a perfect agreement. If not, we will look for other alliances."
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