Bankia bailout an investment not a loan, says lender Bankia's parent company owns holdings in several Spanish blue-chip companies including the NH chain, energy company Iberdola and Indra Sistemas. It is also the majority stakeholder in International Consolidated Airlines Group (IAG), which has owned BA and Iberia since the airlines merged in January 2011. Mr Goirigolzarri talked of the possibility of Bankia selling down such assets in the near future and said that its value has been adjusted to reflect current market valuations.