IAG May Purchase Stake in American Airlines, Sunday Times Says

Posted: March 25, 2012 in Airlines
Tags: , , , ,

Oneworld partner B and American

International Consolidated Airlines Group SA (IAG), owner of British Airways, may buy a stake in American Airlines to pre-empt a similar move by a rival, the Sunday Times reported, without saying how it obtained the information.

IAG has been prompted to consider the step as US Airways Group Inc. and Delta Air Lines Inc. also may bid for U.S.-based American, according to the report. William Walsh, IAG’s chief executive officer, is weighing several options, the Times said.

Laura Goodes, a spokeswoman for IAG, declined to comment when reached today by phone.

Read more at Bloomberg.com

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