Qatar Airways is eyeing to pick up 49 per cent stake in India's largest low-cost carrier IndiGo Airlines to expand it footprint in Indian aviation market after the new government increased the FDI limit, said the company's chief executive Akbar Al Baker, who was speaking at a news conference during ITB Berlin. Asked whether Qatar Airways would like to buy more of its oneworld partner, Akbar Al Baker said: “Yes, we would like to increase our stake in IAG at a later date. We have just … [Read more...] about Qatar Airways keen to buy stake in IndiGo
IAG
Stephen Kavanagh named new Aer Lingus CEO
Aer Lingus has appointed Stephen Kavanagh as its chief executive. He joins the airline at a time when IAG, the British Airways owners, is looking to buy Aer Lingus in a US$1.6 billion deal. Kavanagh replaces Christoph Mueller who is leaving on 28 February to take the top spot at Malaysia Airlines. Kavanagh has been with Aer Lingus since 1988. He held a number of operations and commercial roles before becoming a company executive in 2006. He was part of the IPO team and became CCO in … [Read more...] about Stephen Kavanagh named new Aer Lingus CEO
Aer Lingus to accept takeover bid from IAG
The BBC has reported that Aer Lingus will be taken over by International Airlines Group (IAG), the parent company of British Airways and Iberia Airlines. According to several news sources, IAG pitched its latest proposal at €2.50 a share, valuing Aer Lingus at about €1.3 billion (approx. US$1.5 billion). The Irish Government owns a 25.1 per cent stake in Aer Lingus, while Ryanair owns 29.9 per cent. If the board accepts the bid the government will have to … [Read more...] about Aer Lingus to accept takeover bid from IAG
