Deals
Qatar Air to Explore Raising Stake in British Airways Owner
- Brexit vote causes IAG to lose one-third of value, cut outlook
- Standard Life said to also consider raising stake on selloff
Passenger aircraft operated by British Airways.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Qatar Airways Ltd. is considering further increasing its stake in British Airways owner IAG SA after the U.K.-based company lost a third of its market value in the fallout from the country’s vote to leave the European Union, according to people familiar with the matter.
Qatar Airways, already IAG’s largest shareholder, is exploring boosting its holding to about 20 percent from 15 percent, said the people, who asked not to be identified because deliberations are private. The Middle Eastern airline is monitoring market developments and shareholders’ willingness to sell and hasn’t made a final decision on the move, the people said.