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Order HereInternational Airlines Group—parent company of British Airways, Iberia and Vueling—has raised the prospect of future joint purchases of aircraft and powerplants with shareholder Qatar Airways.
The comments came from IAG CEO Willie Walsh during an analysts’ briefing on the group’s annual results.
Qatar took a 9.99% stake in IAG in January, making it the largest single shareholder in the UK-Spanish consortium. The Gulf carrier said at the time the move was “part of efforts to enhance operations and strengthen existing commercial ties initiated through codeshare agreements with IAG as well as its membership of the oneworld alliance.”
There are close ties between Walsh and Qatar Airways’ CEO Akbar Al Baker; Walsh played a major role in Qatar’sentrance to oneworld in 2013 and the two men are said to have considerable respect for each other.
Walsh spoke warmly of the Doha-based carrier during the analysts’ briefing: “With regard to Qatar Airways’ investment in IAG, we’re pleased to have them as a shareholder. We’re very pleased with the work that we have with Qatar through the oneworld alliance and therefore the codesharing we do.
“More importantly … the relationship we have with them on the cargo front has proven to be a very successful venture for us. We’ve been able to remove loss-making, directly operated freighter capacity and replace that with profitable capacity through the relationship we have with Qatar.”
Walsh said the two organizations’ heads of procurement had been talking to each other for some time on “routine low-level procurement issues. We see an opportunity to expand that and potentially to expand that at a significant level, working more closely with Qatar, combining the strength of IAG and Qatar. And clearly one area that you would expect us to consider is the aircraft procurement, aircraft and engines and potentially maintenance as well.”
He added that a widening of codesharing arrangements with Qatar Airways was also possible: “The investment gives us a further incentive to work more closely, and then to continue to look at opportunities to code-share with Qatar … not just with British Airways but with Vueling and potentially with Iberia as well.”
The information on this page may have been provided by a contributor and no guarantees can be made about the accuracy of any content. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same for publication. AIRLINE PARTNERSHIP disclaims all liability arising from the publication of content received from contributors. Please refer to our Disclaimer for more details.
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Order HereInternational Airlines Group—parent company of British Airways, Iberia and Vueling—has raised the prospect of future joint purchases of aircraft and powerplants with shareholder Qatar Airways.
The comments came from IAG CEO Willie Walsh during an analysts’ briefing on the group’s annual results.
Qatar took a 9.99% stake in IAG in January, making it the largest single shareholder in the UK-Spanish consortium. The Gulf carrier said at the time the move was “part of efforts to enhance operations and strengthen existing commercial ties initiated through codeshare agreements with IAG as well as its membership of the oneworld alliance.”
There are close ties between Walsh and Qatar Airways’ CEO Akbar Al Baker; Walsh played a major role in Qatar’sentrance to oneworld in 2013 and the two men are said to have considerable respect for each other.
Walsh spoke warmly of the Doha-based carrier during the analysts’ briefing: “With regard to Qatar Airways’ investment in IAG, we’re pleased to have them as a shareholder. We’re very pleased with the work that we have with Qatar through the oneworld alliance and therefore the codesharing we do.
“More importantly … the relationship we have with them on the cargo front has proven to be a very successful venture for us. We’ve been able to remove loss-making, directly operated freighter capacity and replace that with profitable capacity through the relationship we have with Qatar.”
Walsh said the two organizations’ heads of procurement had been talking to each other for some time on “routine low-level procurement issues. We see an opportunity to expand that and potentially to expand that at a significant level, working more closely with Qatar, combining the strength of IAG and Qatar. And clearly one area that you would expect us to consider is the aircraft procurement, aircraft and engines and potentially maintenance as well.”
He added that a widening of codesharing arrangements with Qatar Airways was also possible: “The investment gives us a further incentive to work more closely, and then to continue to look at opportunities to code-share with Qatar … not just with British Airways but with Vueling and potentially with Iberia as well.”
The information on this page may have been provided by a contributor and no guarantees can be made about the accuracy of any content. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same for publication. AIRLINE PARTNERSHIP disclaims all liability arising from the publication of content received from contributors. Please refer to our Disclaimer for more details.
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Order HereInternational Airlines Group—parent company of British Airways, Iberia and Vueling—has raised the prospect of future joint purchases of aircraft and powerplants with shareholder Qatar Airways.
The comments came from IAG CEO Willie Walsh during an analysts’ briefing on the group’s annual results.
Qatar took a 9.99% stake in IAG in January, making it the largest single shareholder in the UK-Spanish consortium. The Gulf carrier said at the time the move was “part of efforts to enhance operations and strengthen existing commercial ties initiated through codeshare agreements with IAG as well as its membership of the oneworld alliance.”
There are close ties between Walsh and Qatar Airways’ CEO Akbar Al Baker; Walsh played a major role in Qatar’sentrance to oneworld in 2013 and the two men are said to have considerable respect for each other.
Walsh spoke warmly of the Doha-based carrier during the analysts’ briefing: “With regard to Qatar Airways’ investment in IAG, we’re pleased to have them as a shareholder. We’re very pleased with the work that we have with Qatar through the oneworld alliance and therefore the codesharing we do.
“More importantly … the relationship we have with them on the cargo front has proven to be a very successful venture for us. We’ve been able to remove loss-making, directly operated freighter capacity and replace that with profitable capacity through the relationship we have with Qatar.”
Walsh said the two organizations’ heads of procurement had been talking to each other for some time on “routine low-level procurement issues. We see an opportunity to expand that and potentially to expand that at a significant level, working more closely with Qatar, combining the strength of IAG and Qatar. And clearly one area that you would expect us to consider is the aircraft procurement, aircraft and engines and potentially maintenance as well.”
He added that a widening of codesharing arrangements with Qatar Airways was also possible: “The investment gives us a further incentive to work more closely, and then to continue to look at opportunities to code-share with Qatar … not just with British Airways but with Vueling and potentially with Iberia as well.”
The information on this page may have been provided by a contributor and no guarantees can be made about the accuracy of any content. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same for publication. AIRLINE PARTNERSHIP disclaims all liability arising from the publication of content received from contributors. Please refer to our Disclaimer for more details.