18-May-2016 8:30 AM
Qatar Airways increases stake in IAG to 15.01%
Qatar Airways increased (17-May-2016) its shareholding in IAG to 15.01%. Qatar Airways said it believes IAG is well positioned in Europe with exposure to the trans-Atlantic market, its hubs in London and Madrid and future benefits from the acquisition of Aer Lingus. Qatar Airways stated, "The increased stake recognises the strengthening commercial and strategic ties between the companies." Qatar Airways Group CEO Akbar Al Baker said: "We have been very happy with our investment in IAG, from a financial, commercial and strategic perspective. The relationship formed has helped to deliver on our westbound strategy." [more - original PR]