Sunday March 29, 2020

Qatar Air raises stake in Aer Lingus owner IAG to 20%

The Persian Gulf carrier said IAG's valuation provided an ‘attractive opportunity’ to increase its stake

1st August, 2016
Qatar Airways has raised it stake in Aer Lingus owner IAG to 20% Pic: Rex

The state-owned carrier, which increased its holding from 15.7 per cent as of July 28, doesn’t plan to add to the stake, the company said.

“The recent market valuation of one of the world’s leading airline groups has provided what we believe is an attractive opportunity to increase our shareholding in IAG,” Qatar Airways chief executive Akbar Al Baker said.

IAG, which also owns Spanish airline Iberia, was trading down 1.9...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 weeks ago

Big tech firms pledge to pay contract staff through the social-distancing period

Emmet Ryan | 2 weeks ago

Further action may be needed to prevent the Irish economy being sunk, particularly when the global economy remains vulnerable

Ian Guider | 2 weeks ago