18 JULY 2016

YOUR WORDS


Readers are invited to add their comments to any story. Click on the article to see and add.

BTN DISTRIBUTION

BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.

Index

Email this Page
Bookmark

The Business Travel News
PO Box 758
Edgware HA8 4QF
United Kingdom
+44 (0)20 8952 8383
info@btnews.co.uk
© 2020 Business Travel News Ltd.

Article from BTNews 18 JULY 2016

Qatar on acquisition trail

Confirming its intention to “expand business opportunities around the world”, Qatar Airways is buying a 49% stake in the Italian carrier Meridiana and is to acquire up to 10% of the Chile-based Latam Airline Group’s total shares through a capital increase.

The deals were announced at Farnborough by Qatar Airways group chief executive Akbar Al Baker. 

No price has yet been put on the Meridiana agreement, which Al Baker said is subject to the fulfilment of certain conditions before the closing, which is planned for early October.

Meridiana is the second largest carrier in Italy, with an extensive national and European network connecting the main Italian airports with Sardinia and providing connectivity with hubs in Europe as well as in the U.S. and Africa. 

Al Baker said the Latam deal, which will see US$613m injected into the airline, “represents an exciting opportunity to invest and support the development of our long-term relationship”.

He added: “As a leading airline in Latin America, and key member of oneworld, this investment provides potential opportunities for Qatar Airways’ global network, alongside our successful investment in IAG.”

www.qatarairways.com

www.meridiana.com

www.latam.com

Index/Home page
 

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum


No one has commented yet, why don't you start the ball rolling?


Add your comment

First Name
Surname
Email Address
Company (Not obligatory)
Country/City
Comment
- You must be a registered subscriber using the email address entered to submit a comment, or you will be sent a confirmation email before your comment will appear.
- Your comment will be checked before appearing, which may take several working hours.
www.btnews.co.uk