Qatar Buys 9.9% Stake In IAG

Qatar Airways has bought a 9.9 per cent stake in IAG, making it the single biggest shareholder of the airline group.

Qatar Airways has bought a 9.9 per cent stake in IAG, making it the single biggest shareholder of the airline group.

Qatar said it may consider increasing its $1.6bn valued stake, but could face challenges as non-EU shareholders are subject to an overall cap on non-EU ownership as airlines in the region must be majority owned by Europe-based investors.

Qatar said the move would "enhance operations and strengthen existing commercial ties initiated through codeshare agreements with IAG as well as its membership of the oneworld alliance".

TAGS: Europe
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