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The charts stated
-- without providing any specific numbers -- that since American entered bankruptcy protection, it has renewed or won more corporate travel agreements than over the same period a year prior. Horton would not discuss a potential merger with US Airways Group Inc. The two companies announced on Aug. 31 that they had signed non-disclosure agreements. In a separate interview Monday, the CEO of British Airways said his company was prepared to buy a minority stake in American's parent, AMR Corp., if Horton asked. "If American asks for it, I think that would be a big step," said Willie Walsh, CEO of International Consolidated Airlines Group, the parent of British Airways and Iberia. He noted that American doesn't necessarily need the money but his company would invest to help cement their existing partnership. "We think an investment in a restructured American will be a good investment. That's why we said we'd be very happy to look at it if the opportunity presented itself and if Tom welcomed it," Walsh said. Foreign investors are prohibited from owning more than 25 percent of a U.S. airline. "We've never put a figure on it, but I can't see anything above 10 percent, to be honest with you," Walsh said. "But again I'm speculating, because we haven't done any formal analysis. But we're not looking for a significant minority stake."
[Associated
Press;
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