The Qatar Airways buys stake in British Airways owner IAG (International Airlines Group) which has certainly been said to have affected the millions of the passengers and the travelers as well as the airlines industry operating in the diverse and distinctive parts of the world in the highly effective manner having potential to affect the landscape of the airline driven industry to the greatest possible extent.
Furthermore, as a matter of fact, Qatar airways has been able to increase and enhance its holdings. These holding will be surrounded and occupied by the British Airways own to the 25.1%. This has been followed by the purchasing of the additional share of stake.
Moreover, this stake has been mentioned to be approximately 604m in the best possible way. It must be noted that this Middle Eastern airlines company used to have a share of around 21.4% in IAG. On the other hand, the share price of the company has risen by 52% in the previous 6 months. This recent development is said to be in compliance with the policy of Qatar Airways.
However, the policy is to bolster and construct the immense level of the global group of the airlines. The CEO of the company was believed to have created and built the IAG in the year of 2011. Owing to the stepping down of the CEO named Walsh the company will be run by Luis Gallego.
Lastly, the best part is the fact that Qatar Airways is seeking to enhance the company’s investments in many companies. The major reason behind this is the regional conflict witnessed by the Saudi Arabia and the UAE. It has been observed this development will likely have far-reaching implications for the airline industry.