Monday, August 6, 2012

IAG Considering Small Stake in AMR

IAG confirmed today that it is considering acquiring a small stake in American Airlines. American's post-bankruptcy future as a stand-alone carrier is uncertain, and while IAG is prohibited by U.S. laws from owning a majority share of the U.S. carrier, IAG may believe that such an acquisition will help keep American in the oneworld alliance regardless of a potential merger with another U.S. carrier.

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