14-Oct-2017 1:55 AM

IAG CEO: 'No favour' when investing in the group's airlines

IAG CEO Willie Walsh, speaking at the CAPA-ACTE Global Summit, stated (13-Oct-2017) IAG shows "no favour" when investing in the group's airlines. "If Aer Lingus can put forward a business case that is better than [British Airways], Aer Lingus gets the money", Mr Walsh said. He contrasted IAG's investment structure to Deutsche Lufthansa AG, stating the group would be more inclined towards investing in main company Lufthansa. "That's just the nature of the beast", Mr Walsh said, adding: "We make our business decisions based on who can put forward the best business case and argument... a huge advantage".

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More