Qatar Airways acquires $1.7 billion stake in IAG

By Admin
Follow @SamJermy and @SupplyChainD on Twitter.As part of efforts to enhance operations and strengthen existing commercial ties initiated through codesha...

Follow @SamJermy and @SupplyChainD on Twitter.

 

As part of efforts to enhance operations and strengthen existing commercial ties initiated through codeshare agreements with IAG as well as its membership of the oneworld alliance, Qatar Airways has acquired a 9.99 percent stake in IAG.

 

Non-EU shareholders of IAG including Qatar Airways are subject to an overall cap on non-EU ownership as a result of the requirement for EU airlines to be majority owned by EU shareholders. Qatar Airways may consider increasing its stake further over time although this is not currently intended to exceed 9.99 percent.

 

Akbar Al Baker, Group Chief Executive of Qatar Airways, said: “IAG represents an excellent opportunity to further develop our Westwards strategy. Having joined the oneworld alliance, it makes sense for us to work more closely together in the near term and we look forward to forging a long-term relationship.”

 

 

For more information, visit: http://www.qatarairways.com/global/en/press-release.page?pr_id=pressrelease_statement

Share

Featured Articles

Accenture supply heads probe value chain resilience

Accenture's Maria Rey-Marston & Stephane Crosnier say best way to achieve supply resilience is real-time dynamic visibility, with people at its heart

Weekly news round-up across supply, logistics & procurement

CIPS chief in supply cash-flow warning; Women do better in large firms - Gartner; Accenture Euro chief's Ukraine advice; Dell supply head's green goals

UST webinar on managing supply risk available on-demand

Global CPO David Loseby and UST's Jonathan Colehower share insight on using technology, both to mitigate supply chain risk and to gain supply visibility

Global land, sea and air logistics news round-up

Logistics

Comfort zones the enemy of sustainability - CIPS economist

Sustainability

Women in supply fare better in large firms - Gartner report

Digital Supply Chain