QATAR AIRWAYS PLANS TO INVEST IN A SOUTHERN AFRICAN AIRLINE

Wed 15 May 2024:

Qatar Airways is set to invest in an unidentified airline based in southern Africa in the coming weeks as it looks to expand its footprint in the continent, Reuters reported.

“We are at the final stage of an equity investment in an airline in the southern part of Africa,” Badr Mohammed Al Meer said on a panel at the Qatar Economic Forum in Doha, saying the deal could be announced in two to three weeks.

Meer, who became CEO in November, said the southern part of Africa was a gap in Qatar Airways’ network coverage on the continent.

He added that Qatar Airways wants to expand the fleets of its partner airlines in Africa to improve connectivity.

The Doha-based carrier is also working on finalizing the acquisition of a 49% stake in RwandAir, and will have a 60% stake in a new airport that’s being built near Rwanda’s capital, Kigali. The new hub, expected to be completed in 2027, will attempt to take on continental giant Ethiopian Airlines Group.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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