There seems to be a huge appetite by some to bring BA down. In three weeks, 15/9 I believe,. there is to be a rights issue of €2.75B which Qatar have already pledged to take up their 25% share. If things look bad then lots of the remaining 75% will be left with the underwriters. They will unload them and I can easily see 24% of them being bought by Qatar, 49% is the Max shareholdering they can hold.
This stake could have a profound effect on IAGs future
Will they then seek to offload NAPS into the PPS, as I understand it the PPS would require BA to make good the deficit, unless BA declare bankruptcy, unlikely I feel after the rights issue. So great uncertainty I believe.