{"id":80508,"date":"2024-08-21T00:00:00","date_gmt":"2024-08-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/qatar-airways-snaps-up-25-stake-in-south-africas-airlink\/"},"modified":"2024-08-21T00:00:00","modified_gmt":"2024-08-21T00:00:00","slug":"qatar-airways-snaps-up-25-stake-in-south-africas-airlink","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/qatar-airways-snaps-up-25-stake-in-south-africas-airlink\/","title":{"rendered":"Qatar Airways snaps up 25% stake in South Africa\u2019s Airlink"},"content":{"rendered":"

Qatar Airways has acquired a 25% stake in South African-based airline <\/strong>Airlink<\/strong>, the latest move as part of its expansion in Africa, it said in a statement<\/a> yesterday. Qatar Airways didn\u2019t say how much it had paid for the stake or give an indication of closing conditions or timeline. News of the state-owned Gulf carrier\u2019s interested in Airlink first surfaced<\/a> last month. The story is getting ink this morning from Reuters<\/a> | Bloomberg<\/a> | Associated Press<\/a>.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background as well as external sources.)<\/p>\n

The agreement will give Qatar Airways<\/strong> access to passengers from regional cities in Africa and to direct more traffic through Doha. Airlink has a fleet of more than 65 aircraft and transports more than 3 mn passengers per year to over 45 destinations in 15 sub-Saharan African countries.<\/p>\n

Big moves in the continent: \u201c<\/strong>Africa is very important for us . . . Africa represents 18 percent of the world population, and it is really underserved as a continent,\u201d Qatar Airways CEO Mohammed Al Meer told the Financial Times<\/a> yesterday. The Gulf carrier \u2014 which operates flights to 29 destinations in Africa \u2014 is also \u201cworking very closely to finalize\u201d its much-anticipated acquisition of 49% of Rwanda\u2019s national carrier, RwandAir<\/a>. Stake purchases in both Airline and RwandAir would represent the \u201clast part of the equation\u201d in Qatar Airways\u2019s planned expansion in Africa, according to the CEO.<\/p>\n

Appetite for more? <\/strong>\u201cWe already have a big basket of investments\u2026we will not shy away from investing in other airlines if we see there is potential to collaborate and work together,\u201d Al Meer told FT, without providing further details.<\/p>\n

ICYMI- <\/strong>Qatar Airways acquired a 60% stake<\/a> in a USD 1.3 bn international airport development in Rwanda back in 2019, which is slated for completion in 2027. It also inaugurated its first cargo hub outside of Qatar<\/a> last year at Kigali International Airport in Rwanda in partnership with RwandAir.<\/p>\n

\n

QATAR STEPS UP FLIGHTS TO FOUR DESTINATIONS<\/p>\n

MEANWHILE- <\/strong>Qatar Airways will put on new flights to key destinations<\/strong>: <\/strong>Qatar Airways is launching extra flights to key destinations including London (from 27 October), the Maldives\u2019 Male (from 13 December), Miami (16 December onward), and Tokyo (starting 14 February 2025), the company said in a statement<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

Qatar Airways is also \u201cworking very closely to finalize\u201d the acquisition of 49% stake in RwandAir<\/p>\n","protected":false},"author":1,"featured_media":80509,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[941],"tags":[145,137,153,247],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-80508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-aviation","tag-ma-watch","tag-qatar","tag-qatar-airways","wpautop","entry"],"acf":{"mongo_id":"452f490b-1c4b-4642-9832-5672d39eb709","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1870.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Qatar Airways acquires 25% stake in South Africa\u2019s Airlink under Africa expansion","related_issue":[80500],"teaser":"Qatar Airways is also \u201cworking very closely to finalize\u201d the acquisition of 49% stake in RwandAir","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.fa4b9f95-2f81-4b03-964b-a5f2a11f4b66.mp3"},"yoast_head":"\nQatar Airways snaps up 25% stake in South Africa\u2019s Airlink - 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