Deals
Qatar Air Increases Its Stake in British Airways Owner IAG
- Second-biggest Gulf carrier lifts holding close to 12%
- CEO says move reflects European ally's growth success
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Qatar Airways Ltd. lifted its stake in British Airways owner IAG SA close to 12 percent, strengthening ties built around the access BA provides to North America via London and the Gulf carrier’s network of Asian routes.
Qatar Air has increased the holding from the 9.99 percent bought in January last year, Chief Executive Officer Akbar Al Baker said at the Arabian Travel Market in Dubai, adding that “IAG is the most successful airline today.”