FlyerTalk Forums - View Single Post - Qatar take 9.99% stake in IAG (BA Owners)
Old May 21, 2016, 3:52 pm
  #85  
ian001
 
Join Date: Oct 2004
Location: New York
Programs: BA, LH, VS, Hyatt, SPG
Posts: 3,813
There's an article on the front page of The Sunday Telegraph's business section quoting "industry sources" who suggest that QR may now push for a seat on the board

http://www.telegraph.co.uk/business/...ilding-in-iag/

Concerns are growing about mounting Qatari influence at International Airlines Group after the Gulf state’s airline boosted its stake in British Airways’ parent company for the second time in the space of a few weeks.

Industry sources said IAG was watching state-owned carrier Qatar Airways closely amid growing speculation that Qatar, which now owns 15pc of IAG, could “comfortably” push for a board seat.

“For a FTSE 100 stock with no major shareholders, that’s a very serious number,” one source said, adding that Qatar airline’s intentions were “unclear”. “If they wanted to get [a board seat], it would be pretty straightforward.”
I'm not sure how much there is to read in this - the suggestion at the end of the article that IAG may bid for Wizz Air, Monarch or Norwegian is, I expect, way off the mark.
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