Qatar Airways increases it's stake in IAG

18/05/2016

Qatar Airways has increased its shareholding in International Consolidated Airlines Group (IAG) to 15.01%. Qatar Airways has decided to further deepen its relationship with IAG and the increased stake recognises the strengthening commercial and strategic ties between the companies .

Qatar Airways believes IAG is very well positioned in Europe on the back notably of its attractive exposure to the Transatlantic segment, its leading positions at the London and Madrid hubs and the future benefits from the acquisition of Aer Lingus.

"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. Furthermore, IAG's proven management and strategic direction have been the basis on which we will continue to forge a long-term relationship" said His Excellency Mr. Akbar Al Baker, Group Chief Executive of Qatar Airways.".