Qatar Airways to buy 49 percent of Meridiana

By Bizclik Editor

Qatar Airways has signed a contribution and shareholders agreement with Alisarda, the parent company of Italian airline Meridiana.

The agreement provides for Qatar Airways to purchase 49 per cent of Meridiana fly’s shares.

Qatar Airways Group Chief Executive, 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 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. Meridiana’s fleet consists of Boeing 737s, 767s and MD-82s.

Follow @BusinessRevME

Read the July 2016 issue of Business Review Middle East magazine

 

Share

Featured Articles

Top 10 most innovative telecom operators in the Middle East

With Dubai-based Telecoms World Middle East in full swing, we chart the most innovative telcos from the region – and look at how they are transforming

Top 10 fastest-growing Indian companies in the UK

Business Chief takes a look at the top 10 fastest-growing Indian companies in the UK, according to the India Meets Britain Tracker from Grant Thornton

Top 10 workplaces prioritising people and planet in the UAE

Sustainable, flexible, collaborative, tech-driven, and amenities-rich, the office of the future considers both people and planet – here are 10 in the UAE

Top 10 female HR execs leading Saudi’s workplace transition

Leadership & Strategy

Top 10 largest asset managers by AUM operating in the UAE

Corporate Finance

Top 10 female CEOs leading Africa’s biggest businesses

Leadership & Strategy