Reply To: IAG a House of Cards?Back to Forum
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.
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.