Qatar Airways to acquire up to 10% of LATAM
Qatar Airways has agreed to acquire up to 10% of LATAM Airlines, in a US$613m deal that requires the consent of existing shareholders at the Chile-based carrier. The deal follows Qatar Airways' purchase last year of 15% of British Airways owner IAG, which like Qatar and LATAM is a member of the oneworld airline alliance. The move is part of a rapid global expansion by the Doha-based airline, which is due to talk to Italian carrier Meridiana about the proposed purchase of a 49% stake. "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," CE Akbar Al Baker said. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2016-07-13/oneworld/qatar-airways-to-acquire-up-to-10-of-latam
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Qatar Airways to acquire up to 10% of LATAM
Qatar Airways has agreed to acquire up to 10% of LATAM Airlines, in a US$613m deal that requires the consent of existing shareholders at the Chile-based carrier. The deal follows Qatar Airways' purchase last year of 15% of British Airways owner IAG, which like Qatar and LATAM is a member of the oneworld airline alliance. The move is part of a rapid global expansion by the Doha-based airline, which is due to talk to Italian carrier Meridiana about the proposed purchase of a 49% stake. "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," CE Akbar Al Baker said. <br/>
