Qatar Airways increases shareholding in IAG to 15.01%

Qatar Airways said it has raised its ownership stake in IAG to 15.01%. The carrier originally acquired a 9.99% stake in IAG in Jan 2015. It raised that stake to just under 12% last month, and now has moved to the 15.01% holding. Qatar said that “the increased stake recognises the strengthening commercial and strategic ties between the companies‎,” adding, “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.” Qatar CE Akbar Al Baker said the “relationship formed [with IAG] has helped to deliver on our westbound strategy.” The carrier said it “may consider increasing its stake further over time within the allowable limits.” <br/>