British Airways to buy American Airlines!

[4468]

Just read about it. If I could do a link I would. Perhaps somebody else could.

AMR shares up as a result!

[flower]

http://news.sky.com/skynews/article/...251873,00.html

[Seat1APlease]

I thought it wasn't possible for foreign companies to own US airlines, so how can they do that ?

[Just a spotter]

According to CNBC

U.K. airline British Airways and U.S. investment bank Goldman Sachs Goldman Sachs Group Inc (GS) have no current plans to bid for AMR, parent of American Airlines, sources familiar with the matter said on Friday.

http://www.cnbc.com/id/17156338

JAS

[gone till november]

One tiny problem

No foreign airline can own more than 25% of the controlling shares of any US airline.

[Airbubba]

What next? GM buys Chrysler?

[Heilhaavir]

<<What next? GM buys Chrysler?>>
GM might have to ask Daimler-Benz AG about that

[overstress]

Where's that bag of rice.....

[Heilhaavir]

<<I thought it wasn't possible for foreign companies to own US airlines, so how can they do that ?>>
Would be easy (if they were to do that) GS 76% & BA 24%, et voila...

[Human Factor]

Glad my pension has been put to good use.

[flyer55]

Well your BA pension also owns some Tesco stores !