Qatar Airways increases its share of IAG

Qatar Airways following the failure of Air Italy, has increased its share of the IAG Group. The airline issued this short statement:

Qatar Airways Group Q.C.S.C. is pleased to announce that it has increased its shareholding in International Consolidated Airlines Group, S.A. (IAG) from 21.4 percent to 25.1 percent.

Qatar Airways Group Chief Executive Mr. 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.”