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IAG could acquire a European LCC

23-Feb-2011 11:14 AM

International Airlines Group (IAG) CEO Willie Walsh stated the company would consider the acquisition of an LCC, stating: "We see no reason it can't happen" (Bloomberg, 22-Feb-2011). Mr Walsh commented that the company is "clearly ambitious" about further consolidation and an LCC could be used to feed short-haul traffic into the launch haul networks of British Airways and Iberia. Mr Walsh stated Vueling Airlines, 46% owned by Iberia, already feeds traffic into some of IAG’s network.