Qatar Airways raises stake in British Airways-owner IAG

London

QATAR Airways has raised its stake in British Airways-owner International Consolidated Airlines Group (IAG) to 15.01 per cent and may consider acquiring more of the company over time, the airline said on Tuesday.

The move comes as the Doha-based airline undergoes a rapid expansion globally, adding new flights to Los Angeles, Sydney and other destinations, and partnering with other airlines to complement that growth. Qatar Airways said less than a month ago that it had raised its stake in IAG to just under 12 per cent from 9.99 per cent.