IAG chief eyes stake in American Airlines - 13 WTHR Indianapolis

IAG chief eyes stake in American Airlines

Posted: Updated:

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."

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Powered by WorldNow
Links to the FCC website to view WTHR and/or WALV’s on-line public inspection files:
WTHR: https://stations.fcc.gov/station-profile/WTHR   ||   WALV: https://stations.fcc.gov/station-profile/WALV
Individuals with disabilities may contact Jill Pursell at publicfile@wthr.com, or 317.655.5602, for assistance with access to the public inspection files.
Powered by WorldNowAll content © Copyright 2000 - 2013 WorldNow and WTHR. For more information on this site, please read our Privacy Policy and Terms of Service.