21.6 C
Cape Town
Tue, Jan 5, 2021
Home Aviation Qatar increases equity stake in International Consolidated Airlines Group, S.A.

Qatar increases equity stake in International Consolidated Airlines Group, S.A.

-

1 min read

Qatar Airways Group has announced that it has increased its shareholding in International Consolidated Airlines Group, S.A. (“IAG”) from 21.4% to 25.1%.

Qatar Airways Group Chief Executive Mr. Akbar Al Baker stated, “Our investment to date has been highly successful and the announced increase in our shareholding is evidence of our continued support of IAG and its strategy.”

“Qatar Airways continues to consider opportunities to invest in airlines and support management teams that share our vision to enhance travel opportunities for airline passengers across the globe.”

Jeanette Briedenhann
Jeanette Briedenhann
Jeanette Phillips joined the team in 2016. She developed a passion and love for all things-travel related in her role as travel journalist, a position she held for over seven years. A brief exodus into the corporate marketing sphere proved that there is no better industry than the travel industry. Research and writing are two of Jeanette’s greatest passions, but she is always open to new challenges and different ways of doing things.

Must Read

FEDHASA calls on Government to fast track vaccine deployment

FEDHASA, the leading voice of hospitality in South Africa, has called on Government to prioritise the rollout of the vaccination programme in...

Back to Level 3 – FCTG unpacks what this means for your travel plans

Following President Cyril Ramaphosa’s announcement on 28 December 2020, that the country is moving back to adjusted Level 3 COVID regulations with...

FEDHASA supports Government’s efforts to flatten the curve by instituting additional restrictions

FEDHASA, the leading voice of hospitality in South Africa, has reiterated its commitment to complying with the stringent health and hygiene protocols...

Survey reveals devastating cancellations for Garden Route accommodation providers

One third of guesthouses on the Garden Route indicate they have lost at least 50% of their bookings for the festive season....

Behavioural profiling delivers continuity and certainty for teams in COVID uncertainty

Navigating the changed landscape caused by COVID-19 in the workplace is a skill few were prepared for. From retrenchments and furloughed staff...