Photo provided by Qatar Airways

Qatar Airways Increases Stake in IAG

After seeing success in its initial investment, Qatar Airways has raised its stake in International Consolidated Airlines Group (IAG) to a total of 15.01%. Current restrictions in the European Union allow foreign investors to hold up to 49% of a European carrier, giving Qatar plenty of opportunities to grow its investment even further. "We have been very happy with our investment in IAG, from a financial, commercial and strategic perspective," stated Qatar Airways CEO Akbar Al Baker. IAG, the parent…

Aer Lingus Moves One Step Closer to IAG Takeover

Aer Lingus appears to be moving closer to a full takeover by the IAG group. On May 26th, the Irish government agreed to sell their 25% stake in the airline. The government believes the sale to IAG, which also owns British Airways and Iberia, will benefit Aer Lingus in the…