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Qatar Increases IAG Investment

Photo: Airbus A350 A7-ALH touches down in Adelaide at the end of Qatar Airways’ inaugural service to the South Australian city on May 3. (Seth Jaworski)

 

Qatar Airways has upped its stake in International Airlines Group (IAG) from just under 12% to 15.01%.  The Doha-based carrier announced the investment at a press conference in Atlanta, Georgia, celebrating its new services to the US city.

IAG is one of the world’s largest airline groups and is the holding company of Aer Lingus, British Airways, Iberia and Vueling.

Qatar Airways Group Chief Executive Akbar Al Baker said: “We have been very happy with our investment in IAG, from a financial, commercial and strategic perspective.  We have decided to further deepen our relationship with IAG and the increased stake recognises the strengthening commercial ties between us.

“At Qatar Airways we fully support IAG’s ongoing strategy.  IAG is very well positioned in Europe with attractive exposure to the transatlantic segment; leading positions at the London and Madrid hubs and the future benefits from the acquisition ‎of Aer Lingus.”

Al Baker added that the airline may consider furthering its investment over time within the allowable limits on non-European Union ownership.

In other news, the airline celebrated its inaugural flight to Adelaide, South Australia, on May 3.  The daily service is operated by an Airbus A350.

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