Qatar Airways to seat two directors on IAG executive board Share this news As the parent company of such airlines as Aer Lingus, British Airways, Iberia, and others, International Airlines Group ( IAG ) announced its plans to raise additional capital by issuing preemptive subscription rights, Qatar Airways proposed to seat two non-executive directors on the company’s board. Qatar Airways hosted LATAM Airlines Group’s board of directors and senior management in Doha between October 13 and 15. Qatar Airways is one of the top 5 airlines in the world. He is also the Vice-Chairman of the Board of Directors in Qatar Investment Authority (QIA), and a member of the Board in Qatar … The London-based airline had the largest passenger fleet of the Super Jumbo with 34 aircraft flying the British Airways’ livery. During the three-day visit, LATAM’s board members and senior management toured Qatar Airways’ state-of-the-art technical facilities and Hamad International Airport’s award-winning lounges. British Airways is permanently retiring all of its Boeing 747 fleet due to the drop in demand caused by the coronavirus pandemic. There might be one or two more. Airlines have until next year to put processes in place to make them compliant. In June, the airline was named as Skytrax Airline of the Year 2017. It should (hopefully) mean the end of lost luggage. And we must ensure the benefits of aviation for future generations.”. In these circumstances, it’s hard to imagine how the new choice of Chairman was anything but tactical – Sending out a clear message to the Saudi Arabian-bloc of countries that air transport should be free from international politics. He described the aviation industry as having to face “numerous challenges on a multitude of levels” – not only the protectionism of individual governments (think of the effect that the so called U.S. ‘Muslim Ban’ had on air travel) but also the increased risk of terrorism and improving safety standards around the world. To gain the approval of its largest single shareholder, International Airlines Group (IAG) is looking at accepting two representatives from Qatar Airways onto their executive board. Sixth Freedom. Your email address will not be published. By continuing your navigation, you consent to their use. The chairman of HoldCo's board of directors will be chosen among the directors appointed by Alisarda. Remember the collapse of both Silverjet and Maxjet? The organisation represents over 275 airline’s in around 120 countries worldwide. Through a press release Latam Airlines Group reported the resignation of one of its board members and Qatar Airways representative, Giles Agutter. As the parent company of such airlines as Aer Lingus, British Airways, Iberia, and others, International Airlines Group (IAG) announced its plans to raise additional capital by issuing preemptive subscription rights, Qatar Airways proposed to seat two non-executive directors on the company’s board. At the end of the first half of the year, IAG had €8.1 billion ($9.6 billion) of liquidity, compared to €8.6 billion ($10.1 billion) at the end of 2019. Instead, it entered a voluntary liquidation process at the decision of its board of directors. The two sides are still in “active discussions regarding a potential restructuring of the acquisition to take into account the impact of the COVID-19 pandemic,” read IAG’s report. Honorary President. Qatar Airways Cargo will work closely with UNICEF and its freight forwarders to prioritise the transport of vaccines, medicines, medical devices and critical supplies utilising its extensive global network and capacity. When IATA draws up a policy, a new way of working or a set or rules, all of those airline’s have to comply with it. Qatar Airways to seat two directors on IAG executive board, Qatar Airways Al Baker reiterates support for bankrupt LATAM, God could not save the Queen: British Airways retires Boeing 747, IAG looks to save $704 million on Air Europa deal. It first acquired shares in the airline group in 2015, when it spent $1.7 billion to acquire a 10% shareholding package. Enrique Cueto Chief Executive Officer LATAM AIRLINES. Members. Despite the shaky situation all around, Qatar Airways' chief executive Akbar Al Baker reiterated its support for LATAM Airlines, which entered Chapter 11 bankruptcy proceedings. The group‘s latest financial statements indicated that it managed to reduce its weekly cash operating expenses from €440 million ($521 million) in Q1 2020, while the following quarter its weekly expenses stood at €205 million ($243 million). Qatar Airways holds a 25.1% stake in IAG. The biggest aviation conference and awards in the region. Akbar Al Baker Chief Executive Officer QATAR AIRWAYS. Mr. Akbar Al Baker has been instrumental in shaping the development of Qatar Airways into one of the fastest growing and most highly acclaimed airlines in the world – named Airline of the Year 2017, 2015, 2012, 2011 and runner up in 2016, 2014, and 2013 by global industry audit Skytrax.
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