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British Airways says consolidation will speed up

18 November 2008

The chief executive of British Airways PLC said he expects consolidation in the airline industry to speed up, but he added that the London-based carrier will be extremely selective in the companies it chooses to team up with.

Speaking at an analyst conference in New York, CEO Willie Walsh forecast more airlines will falter in the coming months as global economic conditions remain tentative. But Walsh said the company will not invest in weakened companies that might put British Airways’ financial position at risk.

source: Business Week

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