IAG’s Walsh Wants to Merge TAP With British Airways, Iberia, Times Says

Willie Walsh, chief executive officer of International Consolidated Airlines Group SA, wants to merge Portuguese state-owned airline TAP SGPS SA with British Airways and Iberia, the London-based Times reported.

Walsh spoke yesterday about the possibility of including TAP within the airline holding company, the newspaper said.

IAG is interested in TAP “because it has a very strong network into Brazil,” the Times quoted Walsh as saying. “They are the No. 1 player between Europe and Brazil.”

Walsh has said he has a list of about 12 carriers he would like to include within IAG, according to the Times.

To contact the reporter on this story: Anne Pollak in London at apollak@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net

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