SEOUL, Qatar — Qatar Airways is on the verge of finalizing an funding in an airline in southern Africa, marking a big step within the Gulf service’s efforts to increase its African community, CEO Badr Mohammed Al Meer introduced on Wednesday.
Talking on the Qatar Financial Discussion board in Doha, Al Meer revealed, “We’re on the closing stage of an fairness funding in an airline within the southern a part of Africa,” including that the official announcement might come inside two to a few weeks.
Al Meer, who assumed the function of CEO in November, highlighted that southern Africa represents a spot in Qatar Airways’ current community on the continent. “Increasing our protection on this area is a strategic transfer to boost our connectivity,” he mentioned.
Qatar Airways goals to bolster the fleets of its associate airways in Africa, thereby enhancing general connectivity and repair high quality. This funding is a part of a broader technique to strengthen Qatar Airways’ presence and partnerships throughout Africa.
In 2019, Qatar Airways acquired a 60% stake in a brand new $1.3 billion worldwide airport undertaking in Rwanda and has established code-share agreements with a number of African airways, together with Rwandair.
Rwandair CEO Yvonne Manzi Makolo, additionally talking in Doha, talked about that the Rwandan airport is predicted to change into operational round 2027-28, additional enhancing regional and worldwide connectivity.
