Qatar Airways 787 Qatar Airways has announced today that it has acquired a 9.99 per cent stake in International Airlines Group (IAG).
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The decision is aimed to enhance operations and strengthen existing commercial ties initiated through codeshare agreements with IAG as well as its membership of the oneworld alliance.
The Spanish registered IAG, formed in January 2011 is the parent company of British Airways, Iberia and Vueling.
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. Qatar Airways may consider increasing its stake further over time although this is not currently intended to exceed 9.99%.
IAG is one of the world's largest airline groups with 464 aircraft flying to 243 destinations and carrying 77.3 million passengers each year. It is the third largest group in Europe and the sixth largest in the world, based on revenue.
