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.
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