Qatar Airways plans another acquisition
Qatar Airways plans to acquire a stake in yet another foreign carrier. In an interview with Bloomberg TV, Akbar Al Baker, CEO of the airline, said that Qatar Airways sees potential in another acquisition in a region which he could not disclose. He added that there is large potential in the world for Qatar Airways to have such expansion.
Baker also said that Qatar Airways now expects to finalize the acquisition of 49% of Italy’s Meridiana Airlines in the upcoming days.
The new plan of the Gulf carrier came in a few weeks after Baker announced that Qatar Airways, backed up by the Qatar Investment Authorities, will establish a new airline in India. He previously stated that his company may order around 100 aircraft before the end of 2017 to fly its new Indian subsidiary airline.
Qatar Airways currently owns 20% stakes of IAG, parent company of British Airways and Iberia, as well as 10% of Latin America’s LATAM airlines group.
The robust expansion of the airline, in addition, is not affected by the recent US policy banning electronics on flights from Middle Eastern countries with adding a new route to San Francisco, California.
According to the airline, it will add 26 new routes this year and 2018, in addition to the California destination.
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