IAG May Purchase Stake in American Airlines, Sunday Times Says

International Consolidated Airlines Group SA (IAG), owner of British Airways, may buy a stake in American Airlines (AMR1) to pre-empt a similar move by a rival, the Sunday Times reported, without saying how it obtained the information.

IAG has been prompted to consider the step as US Airways Group Inc. (LCC) and Delta Air Lines Inc. (DAL) also may bid for U.S.-based American, according to the report. William Walsh, IAG’s chief executive officer, is weighing several options, the Times said.

Laura Goodes, a spokeswoman for IAG, declined to comment when reached today by phone.

To contact the reporter on this story: Mathew Carr in London at m.carr@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

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