Qatar Airways increases ownership of British Airways parent company

British Airways planes at Heathrow Airport in London, United Kingdom. (File photo: AP)

Qatar Airways said Wednesday that it increased its share in the parent company of British Airways, International Airlines Group (IAG), from 21.4 percent to 25.1 percent.

IAG, which operates a number of other European carriers such as Ireland’s Aer Lingus and Spain’s Iberia, is one of the world’s largest airline groups, with 573 aircraft carrying around 118 million passengers a year. It is a Spanish registered company with shares traded on the London and Spanish stock exchanges.

Qatar Airways Group Chief Executive Akbar Al Baker said the decision to increase the company’s stake in IAG is a reflection of how successful its investment in the European airline group has been to date.

Last Update: 10:15 KSA 13:15 - GMT 10:15