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British Airways seeks to seal alliance with American Airlines

4 August 2008

British Airways will make a third attempt to seal an alliance with its US partner American Airlines within weeks.

Willie Walsh, BA’s chief executive, said he expected final preparations for the deal to be complete within a fortnight, with an application to US regulators to follow shortly afterwards. “We want to move on this as soon as possible,” he said.

BA, which revealed sharply reduced profits last week, has tried to consummate its marriage with American Airlines for more than a decade. It first sought the permission of US regulators in 1997, then again in 2002.

source: Times Online

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