Airline Hawks Are Ready To Strike

British Airways-KLM could be just the first cross-border deal

While the U.S. airline industry is no stranger to consolidation, across the pond, mergers have made nary a dent in a market overcrowded with a dozen or more national carriers. Yet the mating dance may finally be under way in earnest in the Old World. On June 7, British Airways PLC announced that it is in talks with Royal Dutch Airlines (KLM) that could lead to a takeover of the carrier.

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