Subscribe Free
in Business & Finance

Qatar Airways increases equity stake in International Consolidated Airlines

Posted 20 February 2020 · Add Comment

Qatar Airways Group Q.C.S.C has increased its shareholding in International Consolidated Airlines Group, S.A. from 21.4 per cent to 25.1 per cent.

 

Qatar Airways Group chief executive Akbar Al Baker said: “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.”

Other Stories
Advertisement
Latest News

Algeria to get 14 Su-57 fighters from Russia

Algeria has reportedly signed a contract to purchase 14 Russian Su-57 fighters, becoming the first customer of the fifth-generation stealth jets outside Russia. Jay Menon reports.

Gulf Air gears up for F1 Gulf Air Bahrain Grand Prix

Gulf Air has started its countdown to be the title sponsor of F1 Gulf Air Bahrain Grand Prix which will take place between 27-29 November.

Dnata launches dedicated inflight retail unit

Dnata has launched a dedicated inflight retail centre of excellence.

Swissport expands its services in Saudi Arabia

Swissport International has added Al-Qassim to its growing network in the Middle East. Last week, a first flight of Pakistan International Airlines has been handled successfully at Prince Naf Bin Abdulaziz International Airport

Emirates completes refund backlog

Emirates has completed an intensive programme to clear its backlog of refund requests which was caused by pandemic-related travel disruption.

Qatar Airways Cargo appoints Wexco

Qatar Airways Cargo has appointed Wexco, a part of ECS Group, as its general sales agent (GSA) in Australia. Jay Menon reports.

ATC SK2710091221
See us at
Aviation MENA 2021MEBAA Show 2021 BTWorld Defence Show 2022CONNECT BT0610090421Saudi International Airshow 2021