30-Mar-2011 3:59 PM
International Airlines Group would consider investing in Japan Airlines: Walsh
Analysis
British Airways/Iberia parent, International Airlines Group (IAG), would consider investing in Japan Airlines when it relists in early 2013, IAG CEO Willie Walsh said.
Summary
- International Airlines Group (IAG) is considering investing in Japan Airlines (JAL) when it relists in early 2013.
- IAG CEO Willie Walsh praised JAL for its performance and expressed interest in equity participation.
- JAL intends to float again on the stock market in the next couple of years.
- IAG's shares gained 1% following the announcement.
- Transaero Airlines' shares have been included in Quotation List B on the Moscow Interbank Currency Exchange (MICEX).
- Transaero Airlines experienced significant growth in passenger revenue and numbers in 2010.
Mr Walsh told CNN, JAL has done a fantastic job: "We might look at some equity participation if Japan Airlines floats again on the stock market, which is their intention at some stage over the next couple of years." IAG's shares gained 1% yesterday.
Elsewhere, Russia's Transaero Airlines announced its shares have been included in Quotation List B on the Moscow Interbank Currency Exchange (MICEX). In 2010, Transaero increased its passenger revenue by 40.4% year-on-year and passenger numbers by 32.3%.
Selected European airline daily share price movements (% change): 30-Mar-2011
