This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/go/rss/int/news/-/news/business-11196410
The article has changed 3 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
BA boss Willie Walsh reveals takeover ambition | BA boss Willie Walsh reveals takeover ambition |
(40 minutes later) | |
British Airways and Iberia have drawn up a shortlist of up to 12 airlines which they hope to buy or merge with once their own tie-up has been completed. | British Airways and Iberia have drawn up a shortlist of up to 12 airlines which they hope to buy or merge with once their own tie-up has been completed. |
BA boss Willie Walsh did not name any of the airlines potentially involved. | BA boss Willie Walsh did not name any of the airlines potentially involved. |
However they are reported to include carriers in emerging markets such as India or China. | However they are reported to include carriers in emerging markets such as India or China. |
He made the comments in Mumbai while unveiling a code-sharing deal with India's Kingfisher Airlines. | He made the comments in Mumbai while unveiling a code-sharing deal with India's Kingfisher Airlines. |
'Focus' | |
Mr Walsh is keen to bring airlines together under the umbrella of the newly-created International Airlines Group (IAG) - formed by BA and Iberia. | Mr Walsh is keen to bring airlines together under the umbrella of the newly-created International Airlines Group (IAG) - formed by BA and Iberia. |
"We have had a number of meetings where we have looked at airlines around the world and identified those that would be attractive to us," he said. | |
But he added the shortlist, whittled down from 40 carriers, was to give "focus" and that all 12 would not be pursued. | |
"We have not had any discussions with any airlines. There is nothing going on at the moment. | |
"We want to create a platform for like-minded airlines - those who believe that consolidation is part of the answer for the industry." | |
Mr Walsh is reportedly keen to achieve full mergers or acquisitions rather than taking minority investments in other airlines. | |
In 2008 BA failed in an attempt to merge with Australian flag carrier Qantas. | In 2008 BA failed in an attempt to merge with Australian flag carrier Qantas. |