LONDON, Feb 28 (Reuters) - The head of British
Airways-parent company IAG said it is focused on
completing its acquisition of Air Europa and was not planning
any further deals at the current time.
"We're focused on the acquisition of Air Europa so beyond
that we're not looking to do anything," CEO Willie Walsh told
reporters on a call on Friday.
Asked if the coronavirus outbreak which has hammered travel
demand could spark further consolidation in the airline sector,
Walsh said "without question", but added that he expected weaker
airlines to fail, rather than be acquired.
"I can't see there being much interest in acquiring those
failing airlines," Walsh said.
IAG would look to fill the gap left by any airlines that do
fail, he added.
"We're clearly in a position to adjust our capacity if we
see capacity being taken out of the market by airlines failing,"
he said.
(Reporting by Sarah Young; editing by Kate Holton)