BA and Iberia owner, IAG decides plan to be Spanish

IAG, which owns British Airways, Iberia, Aer Lingus and Vueling, has said it will limit the percentage of its shares held by owners outside the EU to 47.5%.

The move is aimed at convincing Brussels that Spanish-registered IAG is an EU airline and so can keep flying between airports in the EU.

No shareholders will be forced to sell but the airline is banking on its many British shareholders not being classed as non-EU under negotiated Brexit conditions.