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Qatar Airways to take stake in Italian airline
Qatar Airways has signed a contribution and shareholders agreement with Alisarda, the parent company of Italian airline Meridiana.
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The agreement allows Qatar Airways to purchase 49% of Meridiana fly’s shares, subject to certain conditions, before closing which is planned for early October.’¨
Qatar Airways Group 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.’¨
"This agreement sets the path to progress our work towards a strong resolution that benefits both the staff and passengers who travel with Meridiana fly."
Earlier this week, Qatar Airways disclosed it is to acquire up to 10% of LATAM Airline Group’s total shares through a capital increase.’¨
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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