Qatar Airways acquires 9.99% stake in IAG
Qatar Airways has acquired a 9.99% stake in International Airlines Group (IAG), according to statement released on Friday.
Both Qatar Airways and IAG are members of the oneworld alliance and already have close commercial ties.
Company chief executive Willie Walsh said: “We're delighted to have Qatar Airways, one of the world's premier airlines, as a long term supportive shareholder.
“We will talk to them about what opportunities exist to work more closely together and further IAG's ambitions as the leading global airline group.”
The news follows speculation that IAG’s takeover bid for Aer Lingus may not go ahead.