Qatar Airways has increased its stake in International Airlines Group (IAG) from 21.4 percent to 25.1 percent with a $600m buy-up. The move comes a little over a week after Air Italy which Qatar Airways had a 49 percent stake in ceased operations. In announcing the increased shareholding Qatar Airways Group Chief Executive Akbar Al Baker said: “Our investment to date has been highly successful and the announced increase in our shareholding is evidence of our continued support of IAG…
U.S. investment firm Cartesian Capital Group has injected $50 million into Latin American low-cost carrier Viva Air, a subsidiary of low-cost developer Irelandia with bases in Colombia and Peru. The investment will help Irelandia's Latin American venture finance its fierce regional expansion plans, including setting up a base in a…
The state-owned flag carrier based in Doha, Qatar Airways, announced that it has finalized a deal with Sardinia-based airline Meridiana, to purchase a 49 percent stake in the Italian carrier, while Meridiana's parent company will retain the other 51 percent of the airline. Meridiana, which operates a small fleet of…
