DOHA: Qatar Airways recently announced that it has increased its shareholding in International Airlines Group (IAG) from 15.67 percent to 20.01 percent, while staying within the allowable limits.
Non-EU shareholders of IAG including Qatar Airways are subject to an overall cap on non-EU ownership, in compliance with the requirement that all EU airlines are to be majority owned by EU shareholders.
Qatar Airways said that its interest in IAG is purely financial, the increased shareholding reflects the strength of commercial and strategic ties between the companies and evidences the continued support for the ongoing strategy of IAG.
“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,” Akbar Al Baker (pictured), Group Chief Executive of Qatar Airways, said.
The Peninsula
DOHA: Qatar Airways recently announced that it has increased its shareholding in International Airlines Group (IAG) from 15.67 percent to 20.01 percent, while staying within the allowable limits.
Non-EU shareholders of IAG including Qatar Airways are subject to an overall cap on non-EU ownership, in compliance with the requirement that all EU airlines are to be majority owned by EU shareholders.
Qatar Airways said that its interest in IAG is purely financial, the increased shareholding reflects the strength of commercial and strategic ties between the companies and evidences the continued support for the ongoing strategy of IAG.
“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,” Akbar Al Baker (pictured), Group Chief Executive of Qatar Airways, said.
The Peninsula
