IAG to partner with Qatar Airways on procurement plans

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By TESTCustomwebLP TESTCustomwebLP March 12, 2015 21:39

IAG to partner with Qatar Airways on procurement plans

Following Qatar Airways purchase of a 9.99% stake in International Airlines Group—parent company of British Airways, Iberia and Vueling— the two companies are seeking ways to work closer together, which could entail future joint purchases of aircraft and engines.

IAG CEO Willie Walsh said during an analysts’ briefing on the group’s annual results that the two companies heads of procurement were already in contact concerning “routine low-level procurement issues” and that they would like to expand that existing relationship: “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.”

IAG has a successful relationship with Qatar Airways for its cargo business, where IAG has been able to remove loss-making, directly operated freighter capacity, and replace it with profitable capacity “through the relationship we have with Qatar”, Walsh said.

Further codeshare arrangements with Qatar Airways are also possible, Walsh said, with British Airways, Vueling and potentially Iberia”.

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By TESTCustomwebLP TESTCustomwebLP March 12, 2015 21:39