Qatar Airways increases stake in IAG to 20.01%

Qatar Airways has announced that it held a 15.67 per cent shareholding in International Airlines Group (IAG) and reiterated that it may consider increasing its stake further within the allowable limits. 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. As of July 28, Qatar Airways now holds 20.01 per cent of IAG. While Qatar Airways’ interest in IAG is purely financial, the increased shareholding reflects the strength of commercial and strategic ties between the companies and evidences the continued support for the ongoing strategy of IAG.