IAG May Purchase American Airlines Stake, Sunday Times Says
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International Consolidated Airlines Group SA, owner of British Airways, may buy a stake in American Airlines to pre-empt a similar move by a rival, the Sunday Times reported, without saying how it obtained the information.
IAG has been prompted to consider the step as US Airways Group Inc. and Delta Air Lines Inc. also may bid for AMR Corp.’s American, according to the report. IAG Chief Executive Officer William Walsh is weighing several options, the Times said.