IAG looks at stake in American Airlines

Wednesday, 06 Aug, 2012 0

British Airways’ owner IAG is considering buying a minority stake in American Airlines to protect its Oneworld partnership.

International Airlines Group chief executive, Willie Walsh, told the Financial Times that buying a small stake would help cement the airline’s membership in the airline alliance.

He also spoke of support for a merger between American Airlines – the fourth largest US airline and US Airways – the fifth largest.

Mr Walsh said the idea of IAG investing in American "is something we are going to look at".

Through Oneworld, British Airways has a joint venture with American that operates long-haul flights over the North Atlantic – which is seen as one of the world’s most lucrative air travel markets.

If Delta Air Lines bids for American, it could see the airline leaving OneWorld for SkyTeam – another airline alliance that Delta is a member of.

But Mr Walsh said regulators would almost certainly block a combination between Delta and American.



 

profileimage

Diane



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...