Qatar Airways in talks to buy 49pc RwandAir stake
Qatar Airways in talks to buy 49pc RwandAir stake
Qatar Airways is in talks to buy a 49 percent stake in Africa’s RwandAir, and is interested in doubling its holding in LATAM Airlines Group to 20 percent, its chief executive said on Wednesday.
A stake in an African airline would widen its reach in one of the world’s fastest growing aviation regions, and potentially help it bypass restrictions imposed on it by some Arab states
“We are very tough negotiators … we will take our time to negotiate,” Qatar Airways Chief Executive Akbar al-Baker told reporters in Doha.
Qatar Airways already owns stakes in British Airways-parent International Airlines Group, China Southern, Cathay Pacific, and LATAM.
It bought some of its stakes in other airlines since once-lucrative markets the United Arab Emirates and Saudi Arabia banned it from its airspace following a regional political dispute
