Will British Air Buy AMR (American Air)
January 25, 2012 by Douglas A. McIntyreAdd to the private equity firms and airlines that may want to own all or a piece of bankrupt airlines AMR, the name of British Air. It could become partners with PE firm TPG Capital
BA is part of the International Consolidated Airlines Group which also owns Iberia Líneas Aéreas de España. BA is also a partner in the One World Alliance which shares routes with AMR to allow passengers an easier way to travel to areas in which either BA or AMR has a large number of airplanes. This is, in turn, a key to customer retention
The WSJ reports that
Private-equity firm TPG Capital, which is considering investing in American Airlines parent AMR Corp., has reached out to International Consolidated Airlines Group SA, the holding company of British Airways and Iberia Líneas Aéreas de España, some of the people said.
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