Subscribe Free
in Air Transport

Qatar Airways in talks to buy 49% stake in RwandAir

Posted 5 February 2020 · Add Comment

Qatar Airways is in talks to acquire a 49% stake in state-owned RwandAir.

"We are very tough negotiators - we will take our time to negotiate," said Qatar Airways chief executive officer, Akbar al-Baker

 

He added RwandAir is ‘attractive because of its location, the stability of the country, and the very favourable business environment that exists in that country.’ 

The announcement follows an agreement signed by Qatar Airways in December to take a 60% stake in the new Kigali airport, which Al Baker said will have capacity for 10 million passengers.

According to the government statement issued at the signing of the deal, the partnership features three agreements to build, own, and operate the state-of-the-art facility.

“In Africa there is a big demand for air travel and today Africa is very poorly connected, so we always look at opportunities in our field to do investments similar to what we have done in the past,” said Al Baker.

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

CAE sees brighter days ahead for training market

CAE, the Canadian simulator manufacturer and training specialist says its defence business has seen delays in contract awards due to the Covid 19 pandemic and the drop in oil prices which has affected sales prospects in the Middle East.

A220 - new kid on the block for the VVIP market?

A project to convert an Airbus A220 into a VVIP or head of state aircraft, targeted for the Middle East market has been announced by a partnership of leading aviation management and design businesses.

$9.9 million pod spares for Saudi Arabia

The US Defense Department has announced the award of a $9.9 million foreign military sales (FMS) contract to Collins Aerospace – a subsidiary of the United Technologies Corporation – for the “purchase of a necessary additional

Kuwait Airways to lose 25% of workforce

Some 1500 ‘foreign staff’ are to lose their jobs with Kuwait Airways. The airline has not yet said which departments will be affected.

Gulf Air imports more than 80 tons of medical supplies in May

Gulf Air has successfully imported 82 tons of medical supplies from India with partner medical suppliers.

737 MAX production resumes

Boeing has resumed production of the 737 MAX at the company’s Renton, Wash. factory.

AVMENA20 SK14191020
See us at
MAPS2020 BT1102171120SaudiAirshow21BT2011180221AVMENA20 BT1309100620