Categorized | Airlines

British Airways ‘would consider’ stake in American Airlines…

Posted on 07 August 2012

An American Airlines jet taxies past the British Airways maintenance headquarters at London’s Heathrow Airport on July 8 1998.

The CEO of International Airline Group (IAG) – the parent company of both British Airways and Iberia – says his company would consider a stake in bankrupt oneworld partner American Airlines.


Purchasing a stake “is something we are going to look at,” IAG chief Willie Walsh says to the Financial Times, adding that a stake would be one to to ensure American’s presence in the oneworld frequent-flier alliance.


British Airways and American are among the founding members of the alliance, which includes other carriers such as Hong Kong’s Cathay Pacific, Australia’s Qantas and Chile’s LAN. IAG subsidiary BA and American have long had a close partnership – including their mutual ties with oneworld – that is considered an important part of each company’s business model.


“If we can make the case that there is additional strategic value to be achieved, then it is certainly something we are prepared to do,” Walsh added to the Financial Times regarding a potential stake.


An IAG spokeswoman confirmed Walsh’s comments to The Associated Press.


“It is something we would consider,” the spokeswoman says.


Walsh made no mention of how big a stake BA parent IAG might consider, though U.S. law limits foreign ownership of U.S. airlines to a stake no greater than 24.99%.

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