Pursuits
British Airways Owner IAG Keen on Used A380s, Sees M&A Prospects
- Company considering about half a dozen second-hand superjumbos
- Walsh says there are plenty more deals for group to do
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British Airways owner IAG SA is evaluating whether to add a batch of five or six used Airbus Group SE A380 aircraft to the 12 it has on order after deciding that buying more superjumbos outright isn’t feasible.
While BA has 10 A380s in service with the final two due in February and June, converting options for seven planes that the U.K. carrier has in hand would be “too expensive,” Chief Executive Officer Willie Walsh said Monday in Dublin, where he also told reporters that IAG sees opportunities for more takeovers.