Gulf Air potential target for BA megagroup

Gulf Air is believed to be one of up to a dozen potential takeover targets for a new massive airline group being crafted by by British Airways (BA) following the final regulatory stamp of approval for its US$7.6 billion merger with Spain’s Iberia Lienas Aereas de Espana and its joint venture with American Airlines. Last […]


American Airlines BA British Airways Gulf Air IAG Iberia International Airline Group


Gulf Air is believed to be one of up to a dozen potential takeover targets for a new massive airline group being crafted by by British Airways (BA) following the final regulatory stamp of approval for its US$7.6 billion merger with Spain’s Iberia Lienas Aereas de Espana and its joint venture with American Airlines. Last week, International Airline Group (IAG), the joint airline created by the merger, announced that they had identified 12 other airlines that had the potential of being incorporated into the group. But the Bahrain national carrier’s CEO Samer Majali, while denying BA had been in contact said that it would “consider positively at the appropriate time” joining an alliance of airlines, adding that the carrier is currently in discussion with other carriers on joining an alliance. “Yes, we are actively looking to join an alliance. Joining an alliance provides Gulf Air an immediate virtual extension to the member airlines’ vast network and vice-versa,” Majali said, according to the Gulf Daily News. “A central element of our long-term strategy is to join an alliance and we are actively looking for a suitable partner to support Gulf Air’s business model and add value to the airline and vice-versa,” Majali said.