• Latest News

    Monday, June 17, 2024

    Qatar Airways Closing In on Major Stake in RwandAir

    RwandAir expects Qatar Airways to finalise its purchase of a major stake in the central African country's carrier as early as next month, chief executive Yvonne Makolo told the Financial Times.

    "It's been going on for a while, we have been discussing it for almost five years. So, now, we're really at the tail-end of it," Makolo said.

    For the past five years, Qatar and Rwanda have been working on a deal which would give the Gulf nation's airline a 49% stake of RwandAir for an undisclosed sum, the FT report added.

    Qatar Airways declined to comment while RwandAir did not immediately respond to a request for comment.

    Earlier this year, Qatar Airways CEO Badr Mohammed Al Meer said that Qatar Airways will soon announce an investment in an airline in southern Africa.

    Qatar Airways in 2019 took a 60% stake in a new $1.3 billion international airport being built in Rwanda and has code share agreements with several airlines in Africa including RwandAir.

    • Blogger Comments
    • Facebook Comments


    Item Reviewed: Qatar Airways Closing In on Major Stake in RwandAir Rating: 5 Reviewed By: BrandIconImage
    Scroll to Top