Tuesday 20 August 2024

#Qatar Airways says it will take 25% stake in Africa's Airlink | Reuters

Qatar Airways says it will take 25% stake in Africa's Airlink | Reuters

Qatar Airways announced on Tuesday it was acquiring a 25% stake in Africa's Airlink, expanding the state-owned Gulf carrier's portfolio of minority holdings in other airlines.

The investment would allow Airlink to expand to new markets in Africa, potentially in East and West Africa, the Airlink's Chief Executive Rodger Foster said at a news conference in Doha.

Airlink is a privately-owned, regional airline operating in southern Africa, according to its website.

Qatar Airways also owns minority stakes in British Airways owner International Airlines Group, Latam Airlines, Hong Kong’s Cathay Pacific Airways, and China Southern Airlines.

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