Qatar Airways Buys Dip As It Raises Stake in IAG | Aviation International News

Qatar Airways Buys Dip As It Raises Stake in IAG

Purchase marks Gulf carrier's third major foreign ownership move in less than a month

By Gregory Polek • Senior Editor

August 1, 2016

Qatar Airways on Monday announced that it has raised its stake in British Airways parent International Consolidated Airlines Group (IAG) to 20.01 percent from the 15.67 percent it held as of July 12. In a statement, the airline said that while it holds a purely financial interest in IAG, the increased shareholding reflects the strength of commercial and strategic ties between the companies and Qatar’s continued support of IAG’s ongoing strategy. Both airlines belong to the Oneworld Alliance.

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