Ryanair agrees to sell stake in Aer Lingus

The directors of 'Europe's favourite airline' ‪#‎Ryanair‬, have voted at a board meeting to accept the offer from ‪#‎BritishAirways‬ owner IAG group to buy Ryanair's 29.8% holding in Irish airline Aer Lingus.

This now paves the way, subject to any competition considerations, for IAG to take full control of ‪#‎AerLingus‬

To read more from Ryanair click visit http://corporate.ryanair.com/…/150710-ryanair-board-votes…/…

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Qatar Airways Buys into British Airways IAG Group

Qatar Airways has announced that it has bought a 9.99% stake in the shares of International Consolidated Airlines group SA (IAG), the owner of British Airways and Iberia.

Qatar Airways says that having recently joined the oneworld alliance, the stake in IAG further enhances its operational and commercial ties.

The company states that it does not intend to increase its stake in IAG in the short term, but does not rule it out in the future.

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Qatar Airways plane

Aer Lingus rejects BA owner's takeover bid

The International Consolidated Airlines Group (IAG) has reported that it has recently made an offer to buy Irish airline Aer Lingus.

IAG's press release says that Aer Lingus has rejected the offer.

IAG the owner of British Airways also controls Iberia the Spanish airline and Vueling a low cost carrier.

Aer Lingus is based in Dublin and operates a fleet of 47 Airbus aircraft carrying over 10.6 million passengers a year.  It is the 3rd largest operator at London's Heathrow airport.

Major shareholders in Aer LIngus are Ryanair and the Irish Government, both of whom would have had to approve the deal.

British Airways reports strong 3rd quarter results

The company that owns British Airways as well as Iberia and Vueling, has reported third quarter operating profits up 210m Euros (30%) compared to the corresponding quarter of 2013 before exceptional items.

International Consolidated Airlines Group (IAG) said that performance was bolstered by increased passenger capacity as well as reduced fuel costs achieved through the introduction of newer and more efficient aircraft to the fleet.

BA was responsible for the bulk of the profit growth, but both Iberia and Vueling have shown significant growth.

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British Airways Airbus A380