Qatar Airways to buy into Italian carrier

Olbia-based Meridiana is Qatar’s latest purchase
Qatar Airways is continuing its buying spree by announcing a deal to purchase a 49% stake in Italian scheduled and charter carrier Meridiana.
Earlier this week, the Doha-based airline said it would be taking a shareholding of up to 10% in South American giant Latam Airlines. Qatar Airways already owns around 15% of British Airways’ parent firm IAG.
Olbia-based Meridiana is Italy’s second biggest carrier after Alitalia, which is partly owned by Abu Dhabi’s Etihad Airways.
The deal, expected to close by early October, allows Qatar Airways to buy 49% of Meridiana depending on the “fulfilment of certain conditions”.
“This agreement sets the path to progress our work towards a strong resolution that benefits both the staff and passengers who travel with Meridiana,” Qatar’s chief executive Akbar Al Baker said.
“Qatar Airways continues to expand its business opportunities around the world, increasing travel options for our passengers while also enhancing our investment portfolio.”
TTG Digital