British Airways Eyes Qantas, Iberia Tieups

The mergers would make way for the first truly global airline, and economic pressures may help push through deals where they were stymied before

British Airways (BAY.L) CEO Willie Walsh isn't short on ambition. On Dec. 3, Walsh confirmed he was simultaneously negotiating mergers with fellow OneWorld alliance members Australia's Qantas (QAN.AX) and Spain's Iberia (IBL.BE) while still pursuing a joint venture with yet another OneWorld carrier, American Airlines (AMR).

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