Bloomberg News

IAG May Consider Buying Stake in American Airlines, Mail Says

August 12, 2012

International Consolidated Airlines Group SA (IAG), owner of British Airways, may consider buying a stake in American Airlines Inc., the Daily Mail reported, citing Chief Executive Officer William Walsh.

The move is to prevent American Airlines from being taken over by Delta Air Lines Inc. (DAL:US), according to the newspaper. It would be a “small investment,” Walsh was citing as saying by the Daily Mail.

To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net

To contact the editor responsible for this story: Mike Harrison at mharrison5@bloomberg.net


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Companies Mentioned

  • DAL
    (Delta Air Lines Inc)
    • $39.44 USD
    • 1.52
    • 3.85%
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