Qatar Airways finalises stake in LATAM
LATAM Airlines Group and Qatar Airways have completed their transaction in which the Middle East airline has taken a 10% stake in the Latin America group. The deal, which sees Qatar Airways invest some US$600m through a capital increase in LATAM, was completed Dec 28, LATAM announced. “The entrance of Qatar Airways as a shareholder of LATAM represents a unique opportunity to develop a long-term relationship and explore new opportunities for connectivity with Asia and the Middle East,” LATAM said. The transaction was granted Brazilian regulatory approval in November. But LATAM is still waiting for approval of a transatlantic immunised joint venture with British Airways and Iberia. Qatar Airways also has a 15% stake in IAG. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-12-29/oneworld/qatar-airways-finalises-stake-in-latam
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Qatar Airways finalises stake in LATAM
LATAM Airlines Group and Qatar Airways have completed their transaction in which the Middle East airline has taken a 10% stake in the Latin America group. The deal, which sees Qatar Airways invest some US$600m through a capital increase in LATAM, was completed Dec 28, LATAM announced. “The entrance of Qatar Airways as a shareholder of LATAM represents a unique opportunity to develop a long-term relationship and explore new opportunities for connectivity with Asia and the Middle East,” LATAM said. The transaction was granted Brazilian regulatory approval in November. But LATAM is still waiting for approval of a transatlantic immunised joint venture with British Airways and Iberia. Qatar Airways also has a 15% stake in IAG. <br/>
