Originally Posted by
angetenar
Doesn't QR own a big piece of IAG?
Yeah, but they'll never own a controlling share, which makes this a bit difficult to understand. In terms of the economics, it's at best neutral unless there's some synergy here I'm not seeing - QR's share of IAG Loyalty is presumably also 25%, so yes, they make that bigger, but that's not free and at the same time they lose control.