Qatar take 9.99% stake in IAG (BA Owners)
Apr 27, 2016, 8:39 am
#61
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Qatar Airways ups stake in BA owner IAG to almost 12 per cent
Bloomberg: http://www.bloomberg.com/news/articl...ways-owner-iag
Why? "Strengthening ties built around the access BA provides to North America via London and the Gulf carrier’s network of Asian routes."
Did Al Baker just spill the beans on IAG's Q1 result due Friday? “Their performance is absolutely over-the-moon,” Al Baker said during an ATM forum. “They’ve already announced record profits and the first quarter was very good.”
Mods, I recommend updating the threat title to reflect the increased shareholding.
Bloomberg: http://www.bloomberg.com/news/articl...ways-owner-iag
Why? "Strengthening ties built around the access BA provides to North America via London and the Gulf carrier’s network of Asian routes."
Did Al Baker just spill the beans on IAG's Q1 result due Friday? “Their performance is absolutely over-the-moon,” Al Baker said during an ATM forum. “They’ve already announced record profits and the first quarter was very good.”
Mods, I recommend updating the threat title to reflect the increased shareholding.
I can see this all ending in tears. There is little to recommend the management of QR and much to fear of it's corporate governance.
Apr 27, 2016, 9:09 am
#63
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Well the EU is talking of loosening the 49% cap on EU based airlines, if Al Baker took a majority stake in BA and ran it the same way he runs QR, I can not see it being good for minority shareholders nor staff nor in the long run travellers.
That and do we really want BA to be owned by the rather dodgy Qatari government?
That and do we really want BA to be owned by the rather dodgy Qatari government?
Apr 27, 2016, 10:24 am
#65
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Apr 27, 2016, 11:01 am
#66
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Well foreign ownership rules under the current EU aviation suite of deals limit physical ownership by non eu nationals to less than 50% AND limited management influence/back door control. So I cant think its leading anywhere
Qatar like all oil states needs to spread its wealth around the world and buy quality assets that will generate dividends for the mother ship.
The Empire State Building didn't fall down when the Japanese bought it (do the Chinese own it now?)
Qatar could also learn a thing or too from IAG about running a commercial concern in the real world - as one day Qatar is going to have to turn a decent return on its investment. So they may !acquire" experience and expertise as well as access to 25 US destinations for northbound connections.
And if that puts pressure on BA to update the Club World product then it all good!
Qatar like all oil states needs to spread its wealth around the world and buy quality assets that will generate dividends for the mother ship.
The Empire State Building didn't fall down when the Japanese bought it (do the Chinese own it now?)
Qatar could also learn a thing or too from IAG about running a commercial concern in the real world - as one day Qatar is going to have to turn a decent return on its investment. So they may !acquire" experience and expertise as well as access to 25 US destinations for northbound connections.
And if that puts pressure on BA to update the Club World product then it all good!
Apr 27, 2016, 12:36 pm
#67
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It's quite interesting considering Al-Baker has been expressing his unhappiness with the lack of North American available routes... so it seemed like QR might have been thinking of a way out. This stake shows more commitment.
May 17, 2016, 9:51 am
#68
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QR increases its stake in IAG to 15.01% (at 16:22 BST)
"Qatar Airways Recognises Strengthening Of Ties"
"Qatar Airways Fully Supports IAG's Ongoing Strategy"
"Qatar Airways May Consider Increasing Its Stake Further Over Time"
[Source: Dow Jones]
IAG shares spiked in response to the news and settled at about 8 pence up from yesterday after the closing auction (which is not significant beyond the intraday price change).
"Qatar Airways Recognises Strengthening Of Ties"
"Qatar Airways Fully Supports IAG's Ongoing Strategy"
"Qatar Airways May Consider Increasing Its Stake Further Over Time"
[Source: Dow Jones]
IAG shares spiked in response to the news and settled at about 8 pence up from yesterday after the closing auction (which is not significant beyond the intraday price change).
May 17, 2016, 10:07 am
#69
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Posts: 4,477
QR increases its stake in IAG to 15.01% (at 16:22 BST)
"Qatar Airways Recognises Strengthening Of Ties"
"Qatar Airways Fully Supports IAG's Ongoing Strategy"
"Qatar Airways May Consider Increasing Its Stake Further Over Time"
[Source: Dow Jones]
IAG shares spiked in response to the news and settled at about 8 pence up from yesterday after the closing auction (which is not significant beyond the intraday price change).
"Qatar Airways Recognises Strengthening Of Ties"
"Qatar Airways Fully Supports IAG's Ongoing Strategy"
"Qatar Airways May Consider Increasing Its Stake Further Over Time"
[Source: Dow Jones]
IAG shares spiked in response to the news and settled at about 8 pence up from yesterday after the closing auction (which is not significant beyond the intraday price change).
May 17, 2016, 11:18 am
#70
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May 17, 2016, 12:04 pm
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May 17, 2016, 1:30 pm
#73
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I posted this also in the BA media thread but it is relevant to this thread, so I hope I am not going to get into the sin bin for this. Forbes has analysis of the BA/QR relationship here.
Give in a few months QR have gone from 10% to 12% to 15% I wonder where it will end?
Ironic given Walsh's comments about Virgin's tie up with Delta. I wonder if Branson will point that out at some point.
Give in a few months QR have gone from 10% to 12% to 15% I wonder where it will end?
Ironic given Walsh's comments about Virgin's tie up with Delta. I wonder if Branson will point that out at some point.
Last edited by Worcester; May 17, 2016 at 1:37 pm
May 17, 2016, 2:16 pm
#75
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I posted this also in the BA media thread but it is relevant to this thread, so I hope I am not going to get into the sin bin for this. Forbes has analysis of the BA/QR relationship here.
Give in a few months QR have gone from 10% to 12% to 15% I wonder where it will end?
Ironic given Walsh's comments about Virgin's tie up with Delta. I wonder if Branson will point that out at some point.
Give in a few months QR have gone from 10% to 12% to 15% I wonder where it will end?
Ironic given Walsh's comments about Virgin's tie up with Delta. I wonder if Branson will point that out at some point.
They'll be after Buckingham Palace next.
