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IAG considering minority stake in American Airlines
August 6th, 2012 by elisa

IAG has announced that it is considering buying a minority stake in American Airlines to protect its Oneworld partnership.

Chief executive of IAG, Willie Walsh, told the Financial Times that a small stake in the airline would help to cement its membership in the airline alliance. He also said he supported a merger between American Airlines and US Airways, third and fifth largest US airlines respectively.

British Airways (under IAG) already has a joint venture with American Airlines that operates long-haul flights over the North Atlantic, considered one of the world’s most lucrative air travel markets.


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