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IAG May Purchase American Airlines Stake, Sunday Times Says

March 25 (Bloomberg) -- International Consolidated Airlines Group SA, owner of British Airways, may buy a stake in American Airlines 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. and Delta Air Lines Inc. also may bid for AMR Corp.’s American, according to the report. IAG Chief Executive Officer William Walsh is weighing several options, the Times said.

“We have no comment on the report, as we don’t comment on rumor or speculation,” Andy Backover, an AMR spokesman, told Bloomberg by e-mail. “IAG has been a very supportive partner throughout this process and has consistently expressed a strong vote of confidence in our business plan for a successful restructuring.”

Laura Goodes, a spokeswoman for London-based IAG, declined to comment when reached today by phone. Fort Worth, Texas-based American and British Airways are the biggest carriers in the Oneworld airline alliance.

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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