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PRESS RELEASE

August 05, 2015: IAG Cargo has significantly extended its capacity partnership with Qatar Airways, one year on from the signing of their landmark freighter deal.

A new Shanghai to Madrid service and a new feed from Islamabad to the IAG Cargo network have launched, representing this latest stage of the partnership. IAG Cargo is also increasing the capacity it books on the regional routes, covered by the Qatar Airways partnership.

By connecting to IAG Cargo's wider network through its London and Madrid hubs, today's deal opens up valuable routes for businesses looking to trade between Asia, Europe and Latin America. The deal will prove particularly beneficial in supporting flows of garments from PakisQatar Cargo 777tan and consumer electronics from Shanghai.

Qatar Airways now operates nine routes on which IAG Cargo purchases capacity, in what has become one of the largest cargo partnerships of its kind: Hong Kong to London and Madrid Mumbai to London; Dhaka to London; Pakistan (Karachi and Lahore) to three Middle Eastern points (Doha, Dubai and Kuwait); Delhi to London; Chennai to London; and now Shanghai to Madrid and Islamabad to Kuwait.

Ulrich Ogiermann, Qatar Airways Chief Officer Cargo said: "Qatar Airways Cargo is delighted to further enhance its freight operations and strengthen existing commercial ties with IAG Cargo. As the world's fifth largest cargo carrier, Qatar Airways Cargo's expanding fleet and exceptional growth, together with our proven reliability and global network, offer a strong platform to enable bilateral alliances. Our collaboration with IAG Cargo has proved successful over the past year and this partnership continues to represent an excellent opportunity to develop our business strategy through mutually beneficial commercial agreements."

Steve Gunning, CEO of IAG Cargo, commented: "Our freighter partnership model with Qatar has worked very well. That's why today I am pleased to announce that we are extending the deal indefinitely, as well as increasing the number of destinations covered through the partnership. Through such agreements we are able to support our customers where they need us and drive network growth in an asset light way. This puts IAG Cargo in a strong position and allows us to focus on delivering the quality products and services our customers demand."

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