(Picture by AaronP/Bauer-Griffin/GC Pictures)
Qatar Airways is about to put money into an unidentified airline primarily based in southern Africa within the coming weeks because it seems to be to increase its footprint on the continent.
“We’re within the closing stage of an fairness funding in an airline within the southern a part of Africa,” Chief Government Officer Badr Al-Meer stated on the Qatar Financial Discussion board on Wednesday.
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Whereas he didn’t establish the provider in query, Al-Meer stated there are solely two or three airways that will be in consideration, and that an announcement might come within the subsequent two to a few weeks.
Southern Africa is the “final piece of the equation” to realize higher scale on the continent that’s seen rising journey demand lately, Al-Meer stated. State-owned Qatar Airways already flies to 31 locations throughout Africa, and is trying to increase its community by means of a collection of partnerships and investments.
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The Doha-based provider can also be engaged on finalising the acquisition of a 49% stake in RwandAir, and may have a 60% stake in a brand new airport that’s being constructed close to Rwanda’s capital, Kigali. The brand new hub, anticipated to be accomplished in 2027, will try and tackle continental large Ethiopian Airways Group.
The federal government of the State of Qatar is the underwriter of the Qatar Financial Discussion board, powered by Bloomberg.
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