IAG may buy stake in American Airlines

  • British Airways parent International Airlines Group is mulling over buying a stake in its oneworld alliance partner American Airlines.

    The move could potentially halt any takeover of American by IAG rival Delta.

    A source close to the matter said the possibility of buying a stake in American was not linked to a bid by Delta.

    American Airlines is seen as a lucrative target for Delta, and if such a takeover were to be carried out, it would break up the oneworld alliance and increase competition against IAG on transatlantic routes.