LONDON (AP) — The owner of British Airways and Spanish airline Iberia says it is considering taking a stake in American Airlines.
‘‘It is something we would consider,’’ a spokeswoman for International Airlines Group said Monday, confirming remarks by IAG CEO Willie Walsh reported earlier in the day by the Financial Times.
Walsh said that a small stake in American could reinforce American’s participation in the Oneworld alliance which includes British Airways, Iberia, Japan Airlines and Qantas. British Airways has a joint venture with American on North Atlantic flights.
Walsh said IAG is prepared to buy a stake ‘‘if we can make the case that there is additional strategic value to be achieved.’’
American Airlines is undergoing reorganization under U.S. bankruptcy law.
In a speech in Washington on July 17, Walsh said he believed American would emerge as a stronger airline. ‘‘A stronger AA not only benefits its customers, employees and shareholders but it also benefits its partners,’’ he had said.