Subscribe Free
in Business & Finance

Qatar Airways looking at more acquisitions

Posted 15 November 2016 · Add Comment

Qatar Airways chief executive officer Akbar al Baker has confirmed that in addition to the Qatari carrier's acquisition of a 49% stake in Italy's Meridiana fly the Qatari carrier is planning to make two further investments in 2017, reports ch-aviation.

Al Baker said: "We will be making some interesting announcements soon. We have two other projects in the pipeline which you will get to know."

Aside from shareholder investments, al Baker said Qatar Airways is also considering strategic partnerships without equity. Among the airlines it is seeking deeper ties with is fellow Oneworld member, American Airlines, with which it already has a bilateral relationship. 

According to al Baker, Qatar Airways hopes American will end its existing ties with Etihad Airways to work solely with Qatar in the Gulf. If that should occur, and if Qatar Airways and American were to enter into a joint-venture, the CEO believes that could then pave the way for another very lucrative joint-venture - with IAG International Airlines Group/British Airways.

"I'm a businessman and I would be delighted to do this with American," he said. "I think the American Airlines administration has been misled by Delta Air Lines and I think in the long run they will realise that a partnership with Qatar Airways is a very robust business proposition for them."

* required field

Post a comment

Other Stories
Advertisement
Latest News

EAG and Emirates Red Crescent support group travelling for Umrah as part of 'Year of Giving'

Etihad Aviation Group (EAG) has taken part in an exciting philanthropic collaboration with Emirates Red Crescent, to support a group of 15 travellers in experiencing the holy pilgrimage of Umrah.

Three lions go roaring on

The Middle East Three – or ME3, a common collective term for Qatar Airways, Etihad Airways, and Emirates – are on a roll, as Lufthansa Consulting's Guillaume Schmitt and Arvind Chandrasekhar report.

UAE Space Agency and Algerian Space Agency strengthen ties

The UAE Space Agency has signed a Memorandum of Understanding with its Algerian counterpart the Algerian Space Agency.

Etihad Airways and Jet Airways sign agreement with Government of Maharashtra

Etihad Airways and strategic partner Jet Airways, India's full-service premium international carrier, have signed an agreement with the Government of Maharashtra to promote tourism to the western Indian state.

Flydubai named Best Low-Cost Airline serving the Middle East

Flydubai was named “Best Low-Cost Airline serving the Middle East” at the 2017 Business Traveller Middle East Awards held in Dubai on 23 April.

Gulf Air Appoints VFS Global to Provide Visas for Bahrain Visitors

Gulf Air has partnered with VFS Global, the largest visa service provider in the world, to facilitate visa issuance for passengers flying to Bahrain. The online visa facility will launch this summer on gulfair.com.

Honeywell ADSBSK2642607172
See us at
EBACE17 BT0103240517AIME BT1204240118Airport Show Dubai BT 2017