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Qatar increases its stake in British Airways owner IAG to 25.1% - Business Insider

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Qatar Airways just paid $600 million for a bigger stake in British Airways' owner IAG, expanding its influence within the airline industry

Qatar now owns 25.1% of IAG after purchasing an additional $600 million stake.Visit Business Insider's homepage for more storiesQatar Airways has bought a $600 million stake in British Airways-owner IAG to increase its holding to 25.1%, strengthening its position ahead of a change in IAG management.

Qatar increased its holding after IAG lifted restrictions on investments from outside the European Union last month. It has minority holdings in international carriers Cathay Pacific and China Southern, and said earlier this month it was interested in doubling its holding in LATAM Airlines Group to 20% and was in talks to buy a 49% stake in Africa's RwandAir.

Luis Gallego, who has led Iberia since 2014, will succeed Walsh, an appointment that analysts said signaled little change of direction for the group.

 

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AvGeek

Wrong again!!. Expanding it's influence within the British Government.

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