Qatar Airways announced on Tuesday its acquisition of a 25% stake in Airlink, a privately owned regional airline operating in southern Africa.
The investment will boost Airlink’s expansion into new markets, particularly in East and West Africa, according to Airlink’s Chief Executive, Rodger Foster.
The acquisition marks the latest addition to Qatar Airways’ growing portfolio of minority stakes in other airlines.
Additional Nine New Routes
Qatar Airways currently serves 29 destinations across Africa and has seen significant growth on the continent, adding nine new routes since December 2020.
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Qatar Airways recently finalized a 49% stake in RwandAir and secured a 60% share in a new airport under construction near Kigali, Rwanda’s capital. These investments aim to tap into Africa’s increasing travel demand.
Qatar Airways It is the largest shareholder in International Airlines Group (IAG), the parent company of British Airways, and also holds stakes in Latam Airlines Group and Cathay Pacific Airways.
The airline is currently in talks to acquire around 20% of Virgin Australia Airlines, further expanding its influence in the global aviation market.
