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Tue 17 May 2016 08:00 PM

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Qatar Airways raises stake in BA parent IAG to 15%

Doha carrier says it may consider acquiring more of British Airways-owner, International Consolidated Airlines Group, in future

Qatar Airways raises stake in BA parent IAG to 15%

Qatar Airways said on Tuesday it had raised its stake in the British Airways-owner, International Consolidated Airlines Group, to 15.01 percent and said it may consider acquiring more of the firm over time.

In April, the firm's CEO said it had increased its stake to under 12 percent from 9.99 percent.

"We have been very happy with our investment in IAG, from a financial, commercial and strategic perspective," Chief Executive Akbar al-Baker said in a statement. "The relationship formed has helped to deliver on our westbound strategy."

Under current rules, foreign investors cannot own more than 49 percent of a European airline.

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