Qatar Airways says no plans for British Airway-owner board seat
Qatar Airways said Wednesday it continues to hold “absolute confidence” in IAG and that it is not seeking a board seat. The airline said Aug 1 it had increased its stake in IAG to 20.01% from 15.67%, making it the group’s largest sole investor. “We wouldn’t have increased our shareholding to 20.0% if we had the slightest question mark about their capabilities and their ability to run this group very efficiently,” group CE, Akbar Al Baker, said. Qatar Airways has also agreed to acquire up to 10%t of Latam, and to take a 49% stake in Meridiana. “We want to have partnerships in all major markets,” Al Baker said. “IAG is giving us this relationship in Europe and of course through their JVs across the Atlantic. Latam will give us access to another very large market in South America.” <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-09-01/oneworld/qatar-airways-says-no-plans-for-british-airway-owner-board-seat
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Qatar Airways says no plans for British Airway-owner board seat
Qatar Airways said Wednesday it continues to hold “absolute confidence” in IAG and that it is not seeking a board seat. The airline said Aug 1 it had increased its stake in IAG to 20.01% from 15.67%, making it the group’s largest sole investor. “We wouldn’t have increased our shareholding to 20.0% if we had the slightest question mark about their capabilities and their ability to run this group very efficiently,” group CE, Akbar Al Baker, said. Qatar Airways has also agreed to acquire up to 10%t of Latam, and to take a 49% stake in Meridiana. “We want to have partnerships in all major markets,” Al Baker said. “IAG is giving us this relationship in Europe and of course through their JVs across the Atlantic. Latam will give us access to another very large market in South America.” <br/>
