Qatar Airways purchases 49% of an Italian carrier

After acquiring up to 10 per cent of LATAM Airline Group’s total shares through a capital increase, Qatar Airways today announced 49% purchase of Meridiana fly’s shares. 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 U.S. and Africa.

The agreement is subject to the fulfilment of certain conditions, before the closing which is planned for early October.

Qatar Airways Group Chief Executive, Mr. 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.”

Meridiana’s fleet consists of Boeing 737s, 767s and MD-82s.