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Summary The owner of British Airways says it is considering taking a stake in American Airlines.
It is something we would consider, a spokeswoman for International Airlines Group said Monday, confirming remarks by IAG CEO Willie Walsh reported earlier in the day by the Financial Times.Walsh said that a small stake in American could reinforce Americans participation in the Oneworld alliance which includes British Airways, Iberia, Japan Airlines and Qantas. British Airways has a joint venture with American on North Atlantic flights.Walsh said IAG is prepared to buy a stake if we can make the case that there is additional strategic value to be achieved.American Airlines is undergoing reorganization under U.S. bankruptcy law.In a speech in Washington on July 17, Walsh said he believed American would emerge as a stronger airline.A stronger AA not only benefits its customers, employees and shareholders but it also benefits its partners, he had said.
