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New Iberia chairman buys 0.05 pct stake in airline

Published 07/17/2009, 08:16 AM
Updated 07/17/2009, 08:24 AM
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MADRID, July 17 (Reuters ) - Iberia's new chairman, Antonio Vazquez, has bought 500,000 Iberia shares in recent days at 1.55 euros per share, according to data published by stock market commission CNMV on Friday.

Iberia's new COO Rafael Sanchez-Lozano, also bought 100,000 shares in the airline, the CNMV said.

Vazquez's stake, equivalent to 0.05 percent of the total, reflects his confidence in the company, a spokesman said.

Shares in Iberia were up 2.7 percent at 1.58 euros by 1149 GMT. (Reporting by Robert Hetz; Editing by Jon Loades-Carter)

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