August 1 - Qatar Airways has increased its stake in International Airlines Group (IAG) from 15.67 percent to 20.01 percent.

While the Middle Eastern airline noted that its interest in IAG is purely financial, it stated that the increased shareholding reflects the strength of commercial and strategic ties between the two companies.

"We continue to be highly supportive of IAG's strategy and management team and we do not intend to increase our percentage shareholding further unless there are material changes to the current situation," said Akbar Al Baker, group chief executive of Qatar Airways.