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]

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