Qatar Airways increases equity stake in IAG to 25.1%
February 19 2020 07:26 PM
Qatar Airways
Qatar Airways increases equity stake in IAG to 25.1%

IAG combines leading airlines in Ireland, Spain and the UK such as Aer Lingus, British airways, Iberia, Level and Vueling.

Qatar Airways Group has increased its shareholding in International Consolidated Airlines Group (IAG) from 21.4% to 25.1%.

Qatar Airways Group Chief Executive HE Akbar al-Baker stated, “Our investment to date has been highly successful and the announced increase in our shareholding is evidence of our continued support of IAG and its strategy.

“Qatar Airways continues to consider opportunities to invest in airlines and support management teams that share our vision to enhance travel opportunities for airline passengers across the globe.”

IAG combines leading airlines in Ireland, Spain and the UK such as Aer Lingus, British airways, Iberia, Level and Vueling.

According to International Airlines Group website, IAG is one of the world's largest airline groups with some 573 aircraft flying to 268 destinations and carrying around 118mn passengers each year.

The world’s fastest-growing airline Qatar Airways now flies to more than 160 destinations around the globe with a modern fleet of more than 250 aircraft.

The world’s fastest-growing airline will add a number of new destinations to its growing network in 2020, including Osaka (Japan); Santorini (Greece); Dubrovnik (Croatia); Almaty and Nur-Sultan, (Kazakhstan); Accra (Ghana); Cebu (Philippines); Lyon (France); Trabzon (Turkey); Siem Reap (Cambodia) and Luanda (Angola).

Qatar Airways was the first GCC carrier to join global airline alliance oneworld, enabling its passengers to benefit from more than 1,000 airports in more than 160 countries, with 14,250 daily departures.




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