British Airways parent IAG has refused to comment on reports that Qatar is looking to become a shareholder in the company.
The reports, which emerged in yesterday’s Financial Times, said Qatar had made an informal offer to buy the 12% stake held by Spain’s nationalised lender Bankia.
The purchase would make Qatar the largest shareholder in IAG, which also owns Iberia.
It is believed Qatar first approached IAG with the offer last year.
IAG is due to report its first quarter results tomorrow.
