IAG: Qatar Airways wants to acquire additional stake; also interested in other carriers, including India's IndiGo - CEO
Qatar Airways, a state-owned flag carrier of Qatar, said it wants to acquire additional stake in International Consolidated Airlines Group (IAG), the British-Spanish multinational airline holding company, mint reported. This past January, Qatar Airways acquired 9.99% stake in IAG -- which was formed in 2011 following the merger of Iberia and British Airways.
Akbar Al Baker, Qatar Airways' CEO, confirmed in statements to the paper that the Qatari carrier wants to buy additional stake in IAG at a future date. But a possible time frame for Qatar Airways raising its stake in IAG was not disclosed.
Al Baker was further cited as saying that Qatar Airways will also continue to seek out other investment opportunities in other well-managed carriers. Al Baker referenced IndiGo, an Indian budget airline company, as a specific target in which Qatar Airways is keen on acquiring stake in.
Mint