Why Qatar Airways Owns a Piece of British Airways
Doha-based Qatar Airways, the state-owned carrier founded in 1993, bought a £1.2 billion (US$ 1.7 billion) 9.99% stake in British Airways-parent International Consolidated Airlines Group, S.A. This is the first time a Gulf carrier purchased a significant stake in a major European commercial airline group. A full takeover is not possible because European Union regulations limit foreign ownership in airlines to a minority stake. Why did Qatar Airways by the stake?
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