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Last updated: February 16. 2013 9:59PM - 176 Views

FILE - In this June 23, 2008 file photo, a US Airways jet takes-off as an American Airlines Jet is prepped for takeoff at Sky Harbor International Airport in Phoenix. The parent company of American Airlines has entered a non-disclosure agreement with U.S. Airways that will allow the companies to discuss combining the companies. AMR Corp., which is in Chapter 11 bankruptcy reorganization, and U.S. Airways Group Inc. said Friday, Aug. 31, 2012, that they've agreed not to talk to other parties about any potential combination while they are evaluating their situation with each other. (AP Photo/Matt York, File)
FILE - In this June 23, 2008 file photo, a US Airways jet takes-off as an American Airlines Jet is prepped for takeoff at Sky Harbor International Airport in Phoenix. The parent company of American Airlines has entered a non-disclosure agreement with U.S. Airways that will allow the companies to discuss combining the companies. AMR Corp., which is in Chapter 11 bankruptcy reorganization, and U.S. Airways Group Inc. said Friday, Aug. 31, 2012, that they've agreed not to talk to other parties about any potential combination while they are evaluating their situation with each other. (AP Photo/Matt York, File)
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(AP) British Airways' parent company International Airlines Group says that it has signed a non-discourse agreement with American Airlines, allowing it to look at the company's books.


Foreign investors are prohibited from owning more than 25 percent of a U.S. airline. The two airlines already have a joint business agreement for flights across the Atlantic Ocean and were founding members of the OneWorld frequent flier alliance.


Earlier on Friday US Airways and American's parent, AMR Corp., announced that the two airlines had signed similar agreements, moving them one step closer to a potential merger.


AMR Corp. entered Chapter 11 bankruptcy protection on Nov. 29, 2011. American Airlines CEO Tom Horton has said his airline is weighing several options, including remaining independent or merging with one of several airlines.


Associated Press
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