Qatar Airways Group has revealed it now owns more than a quarter of shares in British Airways owner International Airlines Group (IAG) after upping its stake.
Qatar Airways increased its holding in IAG to 25.1% from 21.4% as it cheered its “highly successful” investment in the airlines group, which also owns carriers including Ireland’s Aer Lingus and Iberia in Spain.
It spent £465 million on the extra shares, based on IAG’s closing price on Tuesday.
Akbar Al Baker, chief executive of Qatar Airways, 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 Airways first invested in IAG in 2015, when it bought a 10% stake.
The Gulf state company also has holdings in China Southern and Cathay Pacific airlines and announced earlier this month it had agreed to buy a 49% stake in Africa’s RwandAir, while it is in talks to double its stake in Chile’s LATAM Airlines Group to 20%.
Read more via The Independent.ie
The Malta Maritime Forum presented compelling data at the European Parliament in Brussels, showing how EU regulations on maritime transport are driving up costs and undermining Malta’s c...
Meteorologists warn that global temperatures could climb to record levels this year as the likelihood of an El Niño event increases. Forecasts from the National Oceanic and Atmospheric A...
Updated 1120
Malta Arranges Special Flight to Repatriate Citizens from UAE: Deputy Prime Minister and Foreign Affairs Minister Ian Borg said Malta is organising a special private flig...
Updated 1100
Parliament Approves Random Drug Testing and Tougher Road PenaltiesParliament has unanimously approved legal amendments allowing police to carry out random roadside drug t...
The Socialists and Democrats (S&D) Group in the European Parliament has demanded urgent clarification from the European Commission over its participation in the first meeting of the ...
The rising cost of living has emerged as the major issue that Maltese citizens want the European Parliament to address, according to the latest Eurobarometer survey published today.
T...
Oil prices surged over 3% in Asian trade on Thursday as the Middle East conflict entered its sixth day with no signs of easing, raising concerns about potential supply disruptions from a...
Chinese shipping and logistics conglomerate COSCO Shipping's container liner unit said on Wednesday it had suspended all new bookings for routes to and from ports in the Middle East...
Vivian continues to widen its portfolio with the announcement of new representation agreements with worldwide R&D pharmaceutical companies. “These latest agreements crown a very succ...
Two local analysts have cautioned that any attempt by EU Member States to block or restrict the passporting of crypto-asset service providers (CASPs) authorised under the Markets in...
The Association of Tractor and Trailer Operators (ATTO) has warned that persistentcongestion, limited parking, and clashes with football events are making logistics at theGrand Harbour u...
“ATTO is not against plans to regenerate the Grand Harbour but all stakeholders need to engage in focused discussions to ensure guaranteed berths with adequate quay operations that do no...
The conflict involving Iran and Israel entered its fifth day on Wednesday, with tensions escalating across the region and new military developments emerging. Explosions were reported in ...
Entrances to Iran's underground and previously bombed uranium-enrichment plant at Natanz have been struck as part of the U.S.-Israeli military attacks on the country, the U.N. nuclear...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
María Corina Machado is a prominent figure in Venezuela’s opposition. She has reported that one of her closest associates, Juan Pablo Guanipa, was abducted. This occurred mere hours afte...
Ukraine will complete the technical work needed to open negotiations on all topics for its European Union accession process within days, President Volodymyr Zelenskiy said.
Zelenski...
More than 1,700 Africans are fighting for Russia in its war in Ukraine, Ukrainian Foreign Minister Andrii Sybiha said, adding that Moscow was using deception to trick them into fighting....
