Walsh: British Airways Owner IAG May Pursue JAL Stake
Mar 29, 2011, 8:01 pm
#1
Ambassador: Japan Airlines
Original Poster
Join Date: Mar 2008
Location: LAX
Programs: JAL Mileage Bank, JMB Diamond, oneworld Emerald, Bonvoy Platinum
Posts: 16,395
Walsh: British Airways Owner IAG May Pursue JAL Stake
http://www.bloomberg.com/news/2011-0...alsh-says.html
International Consolidated Airlines Group SA, formed from the merger of British Airways and Spain’s Iberia, said it may consider investing in Japan Airlines Corp. following the Asian carrier’s exit from bankruptcy.
“JAL has done a fantastic job,” IAG Chief Executive Officer Willie Walsh said in an interview. “If the opportunity arises we would definitely be looking at deepening the relationship and we wouldn’t rule out some equity participation.”
...
Japan Airlines is open to talking with British Airways about different types of cooperation, Sze Hunn Yap, a spokeswoman at the Tokyo-based carrier, said by telephone.
...
“We have had some discussions about looking at a joint venture, an immunized relationship,” he said. “That is something both of us are keen to pursue. Asia is a very important market. It’s probably the fastest growing area in the industry.”
“JAL has done a fantastic job,” IAG Chief Executive Officer Willie Walsh said in an interview. “If the opportunity arises we would definitely be looking at deepening the relationship and we wouldn’t rule out some equity participation.”
...
Japan Airlines is open to talking with British Airways about different types of cooperation, Sze Hunn Yap, a spokeswoman at the Tokyo-based carrier, said by telephone.
...
“We have had some discussions about looking at a joint venture, an immunized relationship,” he said. “That is something both of us are keen to pursue. Asia is a very important market. It’s probably the fastest growing area in the industry.”
