For the second time in less than a month, Qatar Airways Ltd. increased its stake in IAG SA, an airline holding group with a portfolio that includes British Airways, Iberia Airways and other prominent airlines.
\nQatar Airways\u2019 move to bump its stake to 15.1 percent comes on the heels of a recent jump from 9.99 percent to 12 percent just last month. Qatar officials said that it may further increase its stake to 49 percent, which is the maximum limit on foreign-ownership currently imposed by European Union regulators.
\nAkbar Al Baker, CEO of Qatar Airways, said the deal is part of the airline\u2019s \u201cwestbound strategy\u201d to branch out of the Middle East and Asia, and into Europe and the Americas. \u201cIt gives us a huge benefit from a financial, commercial and strategic perspective,\u201d Al Baker added.
\nState-owned Qatar Airways took its first 9.99 percent stake in IAG in January 2015, at a time when legacy carriers in the United States and Europe were complaining that Gulf carriers were receiving unfair government subsidies which enabled their rapid growth and expansion.
\nAs Qatar\u2019s ownership in IAG increases, additional cargo handling synergies are also expected. IAG exited the freighter business in 2014, while Qatar Airways Cargo continues to operate a robust freighter fleet that includes eight A330-200Fs and nine 777Fs. IAG Cargo has, in turn, secured block-space on various QA operated routes since September 2014.
\nSource: aircargoworld<\/p>\n","protected":false},"excerpt":{"rendered":"
For the second time in less than a month, Qatar Airways Ltd. increased its stake in IAG SA, an airline holding group with a portfolio that includes British Airways, Iberia Airways and other prominent airlines. Qatar Airways\u2019 move to bump its stake to 15.1 percent comes on the heels of a recent jump from 9.99[…]<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[49],"class_list":["post-1489","post","type-post","status-publish","format-standard","hentry","category-news","tag-airport-code"],"_links":{"self":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts\/1489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/comments?post=1489"}],"version-history":[{"count":0,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts\/1489\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/media?parent=1489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/categories?post=1489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/tags?post=1489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}