Posts tagged 'ba-iberia'

AMR hopefuls seek British Airways support

Some potential suitors for American Airlines are looking for support, or perhaps an investment, from British Airways, the WSJ says, citing people familiar with the matter.  Private-equity firm TPG Capital, which is considering investing in American Airlines parent AMR, has reached out to IAG, the holding company of British Airways and Iberia Líneas Aéreas de España, to gauge whether it would be interested in supporting a bid from TPG, or even investing alongside it. AA and BA are anchor members of the global Oneworld airline marketing alliance, giving them an interest in each other’s success. Other sources are cited as saying US Airways, which wants to merge with AMR, has been building a case to show why such a move would benefit British Airways.

BA-Iberia eyes 12 takeover targets

Willie Walsh, British Airways’s chief, and top Iberia executives have drawn up a list of 12 possible takeover or merger candidates to pursue once their own tie-up is finalised, reports the FT . The 12 targets, from an initial list of 40, include budget airlines as well as full-service carriers in countries including Brazil and China. Not all 12 would be pursued, and foreign ownership restrictions in some countries would hamper a deal, but “others would be possible almost immediately”, said Walsh. Speaking in Mumbai, Walsh also announced the entry of India’s Kingfisher Airlines to the Oneworld alliance in which BA is the top European member. The Telegraph notes there “may be a lot of wishful thinking”at BA-Iberia.