Browsing: LATAM Airlines Group

Qatar Airways is in talks to buy a 49 per cent stake in RwandAir, its chief executive said.

Qatar Airways is also interested in doubling its holding in LATAM Airlines Group to 20 per cent with an objective of having equal stake with Delta Air Lines in LATAM.

Although no details have yet been revealed, like the amount of money Qatar airways is spending on the stake, the purchase will mean the government of Rwanda will remain with a controlling stake of 51 per cent in the airline.

Industry analysts say for both airlines the deal is a win-win situation and that owning shares in a growing African airline like RwandAir will act as a springboard for Qatar Airways into the African aviation market.

Also Read: RwandAir face competition from Kenya’s budget carrier

Qatar Airways acquiring a stake in RwandAir would widen its reach and potentially help the Airways bypass …