Qatar Airways to buy 49 percent stake in Italy’s Meridiana

  • Share on Facebook
  • Share on Twitter
  • Share on Linkedin
  • Share on Pinterest
  • Share on Blogger

July 15, 2016: Qatar Airways has signed a contribution and shareholders agreement with Alisarda, the parent company of Meridiana to purchase 49 percent of Meridiana fly’s shares, subject to the fulfilment of certain conditions, before the closing which is planned for early October.

Akbar Al Baker, chief executive, Qatar Airways Group, 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.”

Meridiana is the second largest carrier in Italy, with an extensive national and European network, which connects the main Italian airports with Sardinia and provides connectivity with hubs in Europe as well as in the US and Africa. Meridiana’s fleet consists of Boeing 737s, 767s and MD-82s.

Recently, Qatar Airways is to acquire up to 10 percent of LATAM Airline Group’s total shares through a capital increase.

At the Airshow, Qatar Airways also announced the purchase of three additional G650ER aircraft from Gulfstream Aerospace, while winning three Skytrax World Airline Awards, including the World’s Best Business Class.

Photo : Akbar Al Baker and Marco Rigotti, Chairman, Alisarda.

  • Share on Facebook
  • Share on Twitter
  • Share on Linkedin
  • Share on Pinterest
  • Share on Blogger