Breaking News

Asia Today ISSN 1861-4604 Monday, May 21, 2018

Headline

Qatar Airways increases shares in IAG to 15.01 percent

Qatar Airways Group Chief Executive said

Share on Facebook May 22, 2016, Reporter : Big News Network, Reader : 542

news

DOHA, Qatar - The largest shareholder in International Airlines Group (IAG), Qatar Airways Group has further raised it stake in the company from its earlier 12 percent to 15.01 percent now.> Big News Network

In 2015, Qatar Airways Group had reportedly secured a nine percent investment in IAG, that has become one of the world’s largest airline groups. It is then said to have increased its stake to approximately 12 percent.


Making the announcement, Akbar Al Baker, Qatar Airways Group Chief Executive said, “We have been very happy with our investment in IAG, from a financial, commercial and strategic perspective. We have decided to further deepen our relationship with IAG and the increased stake recognises the strengthening commercial ties between us. At Qatar Airways we fully support IAG’s ongoing strategy. IAG is very well positioned in Europe with attractive exposure to the transatlantic segment; leading positions at the London and Madrid hubs and the future benefits from the acquisition ‎of Aer Lingus.”


The announcement was made at a global press conference in Atlanta where Qatar Airways was marking its launch of service from Doha to Atlanta.

More Euro Asia news of the month

Photos Qatar set to buy 24 Eurofighter Typhoon jets from U.K.

DOHA, Qatar - Qatar reached a deal with the U.K. to strengthen its defense partnership with the country, providing it with outside...

Photos Lavrov to hold Qatar talks during Gulf tour

PanARMENIAN.Net - Russian Foreign Minister Sergey Lavrov will go on a brief tour of the Persian Gulf countries starting with Kuwait on...

Photos Tillerson Signs Pact with Qatar to Curb Terrorism Financing

STATE DEPARTMENT - Despite temperatures soaring above 50 Celsius in Kuwait City, U.S. Secretary of State Rex Tillerson scored a first...

Photos After Qatar rejects ultimatum set out by its Middle East neighbors, restrictions set to continue

CAIRO, Egypt - The foreign ministers of four Arab countries, Saudi Arabia, Egypt, Bahrain and the U.A.E., that severed ties with Qatar...

Photos Doha continues to suffer repercussions of the crisis but GCC is willing to say 'Goodbye Qatar' if demands aren’t met

DOHA, Qatar - As the impact of the Gulf crisis continues to be felt in Qatar, the country has tried hard to convince its neighbors to...

Photos Qatar Airways expresses interest in buying 10 percent stake in American Airlines

CALIFORNIA, U.S. - In a regulatory filing, American Airlines said that it had received an unsolicited notice from the Gulf country's...

Photos Amid Saudi row, Qatar thanks Russia for offering 'food supplies'

Moscow [Russia], June. 12 (ANI): Qatari Foreign Minister Mohammed bin Abdulrahman Al Thani has thanked his Russian counterpart Sergei...

Photos Iran sends five planes of food to Qatar amid Gulf crisis

Tehran [Iran], June 11 (ANI): Iran's national carrier Iran Air confirmed on Sunday that the country has sent five planes of food to...

Photos Trump congratulates himself as Arab countries turn on each other and Qatar row escalates

DOHA, QATAR - Lauding his own efforts, U.S. President Donald Trump pat himself on the back after Arab countries turned on each other on...

Flying Reimagined

Stock Index

Monday, May 21, 2018

Life Style

Photo Gallery

FEUILLETON