Under the original plan, the British carrier was to provide $750 million, or 78 percent of the equity.
Some British carriers have already struck their own deals.
Another was an increase in the number of countries to which British carriers could continue after flying to the United States.
Last month the British carrier said it was no longer interested in a link with the Spanish company.
The British carrier has places to go other than the United States.
They found that several design flaws contributed to the loss, which were rectified in new British carriers.
This would improve the British carriers' ability to market their flights.
The British carrier withdrew from the deal after financing for the original $6.75 billion buyout collapsed.
Despite their lobbying efforts, British carriers could find themselves isolated on the issue.
The increased weight of the engine meant that the take-off had to be longer and proved very dangerous from most British carriers.