TravelNewsAsia.com
Tue, 2 August 2016

Qatar Airways Increases Stake in IAG

Qatar Airways has increased its shareholding in International Airlines Group (IAG) from 15.67% to 20.01%.

The Doha-based airline also reiterated that it may consider increasing its stake even further if the situation allowed.

Non-EU shareholders of IAG, which includes 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.

"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," said Akbar Al Baker, Group Chief Executive of Qatar Airways.

See other recent news regarding: Qatar Airways, Doha, Qatar, IAG

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