Published on Tuesday, September 7, 2010
Bookmakers are taking bets on which airline British Airways and Iberia will acquire first next year.
They have released odds on a number of airlines after BA chief executive Willie Walsh said there were 12 targets in his sights.
Speaking in Mumbai at the unveiling of a codeshare deal with India's Kingfisher Airlines, Walsh said the two airlines have drawn up a shortlist of airlines to buy or merge with once their own tie-up has been completed.
Bookmakers Paddypower said Chileâ€™s flag carrier LAN Airlines has emerged as the early favourite at odds of 9/4.
BAâ€™s Oneworld alliance partner Cathay Pacific followed at 11/4, then JAL at 10/3 and Finnair at 7/2.
By Bev Fearis
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The recent insolvency of Low Cost Travel Group, one of the large players in the travel industry had a big impact on the travelers, hotels and all related players from both wholesale & retail arms. There were about 27,000 people on a holiday who had booked through the company comprised of a €200 million wholesale arm and €500 million OTA / retail arm.