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 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…
