(Alliance News) - Qatar Airways Group QCSC on Wednesday said it has increased its stake in British Airways parent International Consolidated Airlines Group SA to 25.1%.
The Qatari government-owned airline previously held a 21.4% stake.
"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," said Qatar Airways Chief Executive Akbar Al Baker.
"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," he added.
The move comes shortly after struggling Sardinia-headquartered Air Italy, part-owned by Qatar Airways, announced its bankruptcy on Tuesday last week. The airline guaranteed flights through February 25, after which tickets would be reimbursed and the company will cease operations.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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International Airlines (IAG)