Breaking News Bar
updated: 8/6/2012 7:27 AM

IAG chief eyes stake in American Airlines

Success - Article sent! close
Associated Press

LONDON -- The owner of British Airways and Spanish airline Iberia is considering taking a stake in American Airlines.

The Financial Times on Monday quoted Willie Walsh, the chief executive of International Airline Group, as saying that a small stake in American could reinforce American's participation in the Oneworld alliance which includes British Airways, Iberia, Japan Airlines and Qantas. British Airways has a joint venture with American on North Atlantic flights.

Walsh said IAG is prepared to buy a stake "if we can make the case that there is additional strategic value to be achieved."

Article Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.