22-Jun-2012 3:42 PM

International Airlines Group remains 'on the lookout' for consolidation opportunities

International Airlines Group (IAG) chairman Antonio Vazquez stated (21-Jun-2012) synergies from the merger of British Airways and Iberia has "allowed us to take on a leading role in the process of consolidation and transformation that the global airline business is undergoing". He noted the company's firm commitment "is to grow IAG in a profitable and sustainable manner". He continued, "We will therefore remain on the lookout for opportunities for consolidation that will enable us to improve our competitive position. At the same time we will continue to focus on expanding our margins, not just through synergies, but also by transforming business models". [more - original PR]