Reply To: IAG a House of Cards?

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BigDog.
Participant

Qatar has approached IAG with the intent to become its largest shareholder through the acquisition of the Bankia holding. Bankia, is controlled/funded by the Spanish Govt – both have severe funding issues and regard IAG as a non-core asset.

http://news.airwise.com/story/view/1367970569.html

Personally I welcome the oversight from a very well run airline. One would hope Al Baker would exert influence to both turnaround the long term declining standards and remove Walsh who has also been a financial disaster having grossly overpaid for IB then overseeing a €1billion loss last year.

A successful purchase would also signal a declining influence from the Spanish govt. which would be a good thing.

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