Qatar Airways increases its shareholding in International Airlines Group
Qatar Airways has announced that it has increased its shareholding in International Airlines Group (IAG) from just under 12 per cent to 15.01 per cent.
The investment update was announced at a global press conference in Atlanta where the airline was celebrating its launch of service from Doha to Atlanta. IAG is one of the world's largest airline groups and is the holding company of Aer Lingus, British Airways, Iberia and Vueling.
Qatar Airways Group chief executive,. Akbar Al Baker said: “We have been very happy with our investment in IAG, from a financial, commercial and strategic perspective. We have decided to further deepen our relationship with IAG and the increased stake recognises the strengthening commercial ties between us.
“At Qatar Airways we fully support IAG’s on-going strategy. IAG is very well positioned in Europe with attractive exposure to the transatlantic segment; leading positions at the London and Madrid hubs and the future benefits from the acquisition of Aer Lingus.”
Al Baker added that Qatar Airways may consider increasing its stake further over time within the allowable limits on non-European Union ownership.