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Qatar Airways increases stake IAG

Qatar Airways enlarges it’s share in the UK parent company of British Airways, International Airlines Group (IAG) . This Monday Qatar Airways announced  increasing their share from 15,7%  to 20%. CEO of Qatar Airways Akbar Al Baker says that recent market value of IAG is an good opportunity to increase their stake in the holding.

Since the British decided to leave the EU, IAG dropped 23% in value, they also decreased the expected profit for this year.

Recently Qatar Airways accuired 10% of aviation company LATAM Airlines Group and a 49% stake in the Italian Meridiana Fly
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