IAG May Take A Stake In American Airlines
IAG, parent of British Airways and Iberia, said it had signed a non-disclosure agreement with American Airlines with a view to taking a stake in the US carrier, which is itself in talks over a potential merger with US Airways.
"We have signed a non-disclosure agreement with American," an IAG spokeswoman said. "We are interested in looking at taking a possible stake in a restructured American if they welcome it and if it will bring benefit to our shareholders."
American Airlines parent AMR and US Airways on Friday said they had signed a non-disclosure agreement as they evaluate a potential merger that would create an airline that rivals United Continental in scope.
IAG, which did not say what size of investment it would make in American, declined to say whether it would look to invest in a combined American-US Airways.
IAG, a member of the oneworld global alliance of which American is a part, has long been interested in investing in American Airlines. The two carriers have a revenue sharing deal on transatlantic routes.