News

Qatar Airways Increases Shareholding in IAG to 25.1%

Qatar Airways Increases Shareholding in IAG to 25.1%

Qatar Airways Group has increased its shareholding in International Consolidated Airlines Group from 21.4% to 25.1%.

Akbar Al Baker, Chief Executive, Qatar Airways Group, said: “Our investment to date has been highly successful and the announced increase in our shareholding is evidence of our continued support of IAG and its strategy. Qatar Airways continues to consider opportunities to invest in airlines and support management teams that share our vision to enhance travel opportunities for airline passengers across the globe.”

Qatar Airways flies to more than 160 business and leisure destinations with a fleet of more than 250 aircraft.

The increase comes less than a month after International Airlines Group removed a cap on non-European Union investment imposed as part of Brexit preparations.

International Airlines Group is one of the world’s largest airline groups, with 573 aircraft flying to 268 destinations and carrying around 118 million passengers each year. It is a Spanish-registered company with shares traded on the London Stock Exchange and Spanish Stock Exchange. The group includes British Airways, Aer Lingus, Vueling, Iberia and Level, while there are also plans to acquire Air Europa for €1 billion.

Qatar Airways has invested widely, owning stakes in Latam, Cathay Pacific and China Southern Airlines.

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, editor and proofreader for 53 years, and ITTN's News & Features Editor for 43 years. His travel blog is at www.thetravelbuddhist.com.

More in News

New York Wants to Offer Free Vaccines to Tourists

Fionn DavenportMay 7, 2021

Stena Line & Irish Ferries call for Reopening of Common Travel Area

Fionn DavenportMay 7, 2021

British Airways’s New Ad is All About You

Fionn DavenportMay 7, 2021

UK Tourism Bodies Appeal for Greater Clarity & Flexibility Around International Travel

Fionn DavenportMay 7, 2021

ECTAA Webinar to Push Croatia as a ‘Safe & Attractive’ Destination

Fionn DavenportMay 7, 2021

Time to Start ‘Planning our Summer’, says Holohan as 30% of Adults Receive First Covid Jab

Fionn DavenportMay 7, 2021

IATA Brands Spanish Airport Charge Hike as ‘Irresponsible’

Fionn DavenportMay 7, 2021

Losses Mount for IAG as Forecast is For Subdued Return

Fionn DavenportMay 7, 2021

Ireland had EU’s Most Stringent Lockdown this Year

Fionn DavenportMay 7, 2021

Copyright © 2021 ittn