IAG may purchase stake in American Airlines

The 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 UK’s Sunday Times reported.


IAG may purchase stake in American Airlines


The 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 UK’s Sunday Times reported.

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