Qatar Airways Group has elevated its stake within the Worldwide Consolidated Airways Group from 21.four % to 25.1 %.
The manager director of Qatar Airways Group, Akbar Al Baker, stated: “Our funding up to now has been very profitable and the introduced enhance in our participation is proof of our continued assist for IAG and its technique.
"Qatar Airways continues to think about alternatives to spend money on airways and assist administration groups that share our imaginative and prescient of bettering journey alternatives for airline passengers worldwide."
Qatar Airways, the nationwide airline of the state of Qatar, flies to greater than 160 enterprise and leisure locations aboard a fleet of greater than 250 plane.
The rise happens lower than a month after Worldwide Airways Group eradicated a restrict on non-European Union funding imposed as a part of Brexit preparations.
Worldwide Airways Group is without doubt one of the largest airline teams on the earth, with 573 airplanes that fly to 268 locations and carry round 118 million passengers annually.
It’s a Spanish firm registered with shares listed on the London Inventory Trade and on the Spanish inventory exchanges.
The group consists of British Airways, Aer Lingus, Vueling, Iberia and Degree, whereas there are additionally plans to accumulate Air Europa for one billion euros.
Qatar Airways has invested extensively and has pursuits in Latam, Cathay Pacific and China Southern Airways.