I don't think the specifics had been posted, so thanks for the heads-up. I knew about it, however, and posted a few days about this in general, mentioning the coming (?) "shake-up", but didn't find much of an audience.

I think IB is between a rock and a hard place: too small to survive on its own, too large to easily merge with another airline. The "logical" partner is BA, and that is, IMO, the more likely scenario, so all this reported "unhappiness" with BA is probably posturing, perhaps an indication that merger talks are getting hotter and all parties need to position themselves in the best way they can. That is not to say IB is not capable/willing to merge with Air France, or Lufthansa, but I doubt IB would make such an alliance-shift unless BA got really mean and nasty, and we all know BA is not like that at all.