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BA looks to enlist more mergers and acquisition consultants

BA boss Willie Walsh draws up shortlist of potential takeover targets

07 September 2010

British Airways (BA) could require more mergers and acquisition consultants if it is to fulfill its takeover ambitions.

Willie Walsh, the airline's chief executive, announced the firm has identified 12 potential acquisition targets which could be purchased once BA has completed its merger with Iberia.

He said: "We have had a number of meetings where we have looked at airlines around the world and identified those that would be attractive to us,"

Although BA has drawn up a shortlist of possible targets from an original list of 40 carriers, Mr Walsh stressed formal discussions are yet to take place.

"We have not had any discussions with any airlines. There is nothing going on at the moment," he added.

BA is looking to add more companies to the newly formed International Airlines Group (IAG) - which was created as part of the firm's tie-up with Iberia.

None of the targeted airlines have been named, but reports claim BA could target emerging markets such as India and China. 

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