Qatar Airways buys stake in IAG

In a move with possible long-haul airfreight implications for both carriers, Qatar Airways has purchased a 9.99 percent share of International Airlines Group (IAG), the parent company of Iberia and British Airways. The stake, worth about £1.15 billion (US$1.7 billion), strengthens a bond between the two carriers that began when Qatar joined the 30-member oneworld […]
  • Randy Woods
  • January 31, 2015

IAG makes third offer to take over Aer Lingus

IAG has made its third offer to buy Aer Lingus, the national airline of Ireland. At €2.55 (US$2.85) per share, this is the most generous offer yet, besting its last offer of €2.50 per share. Aer Lingus is valued at more than €1.3 billion. It is the leading air carrier of air cargo to and […]
  • Staff Reports
  • January 27, 2015

Also in the News

This month, Chennualt International Airport (CWF) in Lake Charles, La., celebrated the opening of AAR Corp.’s new 118,000-square-foot MRO facility. The $21.5 million high-bay structure, known as Hangar H, is large enough to provide maintenance, repairs and overhaul capacity to various wide-body aircraft, including Boeing 747s, 767s and 777s, as well as Airbus A330s and […]
  • Staff Reports
  • October 15, 2014
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