Qatar Airways to buy 49% of Meridiana
Qatar Airways is to buy 49% of Meridiana in a move that could bolster the Italian carrier's ability to compete in the European market. The agreement was reached at the Farnborough Airshow, with the deal closing in early October, subject to certain conditions, Qatar Airways said. The airline gave no further detail on the conditions or the price. Meridiana had asked unions to agree to 900 job cuts -- nearly half its workforce -- as part of a planned partnership with Qatar Airways. Last month, the Italian govt, unions and Meridiana reached an agreement opening the way for the deal to go ahead. The agreement included the loss of about 400 jobs, union officials said. "Partnering with Meridiana would only make Meridiana prosper, grow and actually increase the working population of Meridiana," Qatar Airways CE Akbar al-Baker said in April. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-07-15/oneworld/qatar-airways-to-buy-49-of-meridiana
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Qatar Airways to buy 49% of Meridiana
Qatar Airways is to buy 49% of Meridiana in a move that could bolster the Italian carrier's ability to compete in the European market. The agreement was reached at the Farnborough Airshow, with the deal closing in early October, subject to certain conditions, Qatar Airways said. The airline gave no further detail on the conditions or the price. Meridiana had asked unions to agree to 900 job cuts -- nearly half its workforce -- as part of a planned partnership with Qatar Airways. Last month, the Italian govt, unions and Meridiana reached an agreement opening the way for the deal to go ahead. The agreement included the loss of about 400 jobs, union officials said. "Partnering with Meridiana would only make Meridiana prosper, grow and actually increase the working population of Meridiana," Qatar Airways CE Akbar al-Baker said in April. <br/>
