Qatar Airways takes 10% stake in British Airways-owner IAG - Your Middle East

Qatar Airways takes 10% stake in British Airways-owner IAG - Your Middle East:



"Qatar Airways on Friday said it had purchased almost 10 percent of IAG, parent of British Airways and Spanish carrier Iberia, the second European entry by a Gulf carrier.



"As part of efforts to enhance operations and strengthen existing commercial ties... Qatar Airways has acquired a 9.99 percent stake in IAG," the company said in a statement.



The airline's chief executive, Akbar al-Baker, said International Airlines Group "represents an excellent opportunity to further develop our westwards strategy.""



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