Friday, 21 February 2020

Will Qatar Airways buy Air Italy?................................No they say......but it increases its shareholding in IAG

There has been much aviation media speculation in recent days that the Doha based and minority shareholder of the liquidated Air Italy,  Qatar Airways was poised to buy out the remaining 51% of the Italian company.

However, Qatar Airways confirmed on Friday it was not interested in rescuing Air Italy,  in a statement, it said, "Qatar Airways is no longer interested in investing in Air Italy or in any other air transport project in Italy,".  However, it promised that it would do all it could as minority shareholder for workers and passengers.

But other investments certainly were on the table earlier in the week as the Qatari airline confirmed it had increased its shareholding in International Consolidated Airlines Group, S.A. - IAG the parent of British Airways, Iberia, Aer Lingus, Level and Vueling. 

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.”  The firm has increased its stag in IAG from 21.4 per cent to 25.1 per cent.

“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.”Al Baker said. 

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