Qatar Airways has bought a $600 million stake in International Consolidated Airlines Group IAG, to increase its holding from 21.4 percent to 25.1 percent, advancing its strategy of building a global portfolio of airline investments.
Mr. Akbar Al Baker, Qatar Airways Group Chief Executive, said:
“Our investment to date has been highly successful and the announced increase in our shareholding is evidence of our continued support of IAG and its strategy.”
“Qatar Airways continues to consider opportunities to invest in airlines and support management teams that share our vision to enhance travel opportunities for airline passengers across the globe.”
Qatar first invested in IAG in 2015, buying 9.99% of the company, and has steadily increased its holding since then.