Subscribe Free
in Air Transport / Business & Finance

Qatar increases stake in IAG

Posted 1 August 2016 · Add Comment

Qatar Airways has increased its stake in International Airlines Group (IAG) to more than 20%.

The airline group owns a number of airlines including British Airways, Vueling and Iberian. Only three weeks ago the Doha airline announced that it held a 15.67 per cent shareholding in the group and said it may consider increasing its stake further within the allowable limits.
Non-EU shareholders of IAG including Qatar Airways are subject to an overall cap on non-EU ownership as a result of the requirement for EU airlines to be majority owned by EU shareholders.
Qatar has now confirmed it holds 20.01 per cent of IAG. In a statement the airline said: “While Qatar Airways’ interest in IAG is purely financial, the increased shareholding reflects the strength of commercial and strategic ties between the companies and evidences the continued support for the ongoing strategy of IAG.”
Commenting on the latest investment, Akbar Al Baker, Qatar Airways group chief executive said: “The recent market valuation of one of the world's leading airline groups has provided what we believe is an attractive opportunity to increase our shareholding in IAG. We continue to be highly supportive of IAG's strategy and management team and we do not intend to increase our percentage shareholding further unless there are material changes to the current situation."
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

DC Aviation Al-Futtaim expands managed aircraft fleet

DC Aviation Al-Futtaim (DCAF) has added another Bombardier Challenger aircraft to its managed fleet.

First Rolls-Royce Trent 7000 production engine despatched

The first Rolls-Royce Trent 7000 production engine was despatched yesterday to the Airbus facility in Toulouse, in readiness to power Airbusís latest aircraft, the A330neo, into service.

Stand out seats

Seating was one of the key focuses when Aircraft Interiors Middle East took place in Dubai in January.

FIA2018: CAE signs commercial aviation training solutions contract with Qatar Airways

CAE has announced today at the 2018 Farnborough Airshow that it has sold five (5) CAE-built full-flight simulators (FFSs) Ė 3x Boeing 777X and 2x Boeing 737MAX Ė and two (2) flight training devices (FTDs) Ė one Boeing 777X and one Boeing

SalamAir to add six new A320neo to its growing fleet

Omanís first budget airline, SalamAir, has signed an agreement to add six new A320neo aircraft to its fleet, of which five are on lease from an undisclosed lessor.

BAE Systems selects Raytheon's projector for UAE F-16 DLE HUD

Raytheon will design, develop and manufacture the projector for BAE Systems' Digital Light Engine (DLE) Head-Up Display (HUD) on the F-16 Fighting Falcon for the United Arab Emirates (UAE) armed forces.

TAA SK0902311218
See us at
MAPS18_BT1207131118BIAS BT271017161118MEBAA BT1004121218Cargo BT1004091018GATM BT1004061118Istanbul Airshow BT22018ASDubai BT1004091018AIME19BTA3005120219Aviation Africa BT0607280219