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Monday, 24 April 2017

REFILE-UPDATE 2-Qatar Airways closes in on Italy deal, to own minority stake in Indian airline | Reuters

REFILE-UPDATE 2-Qatar Airways closes in on Italy deal, to own minority stake in Indian airline | Reuters:

"Qatar Airways will finalise a long-negotiated agreement to buy 49 percent of Italy's Meridiana in the coming days, and soon apply with Qatar's sovereign wealth fund to start an Indian airline. Qatar Airways will sign the agreement with Italy's second biggest airline in the next "few days", Chief Executive Akbar al-Baker told reporters in Dubai on Monday. The airline has been negotiating to buy a stake in Meridiana for more than year, a deal that could help the loss-making Italian carrier's ability to compete in Europe."



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