Qatar Airways to acquire 25% of Airlink
The acquisition deal was confirmed on Tuesday following a meeting between airline executives in Doha.
Qatar Airways plane. Image: Bilal EL-Daou on Pixabay
JOHANNESBURG - Qatar Airways is set to acquire a 25% stake in Southern Africa’s regional carrier Airlink.
The acquisition deal was confirmed on Tuesday, following a meeting between airline executives in Doha.
The deal is expected to bolster Qatar Airways’ growth strategy in Africa.
Qatar Airways has had its sights on an expansion in Africa for some time, but played its cards close to its chest pending the finalisation of the deal.
Group CEO at Qatar Airways Badr Mohammed Al-Meer hopes the deal will boost economic growth in the African region.
“As a financially robust Airline, Airlink represents a strategic partner that shares our commitment to unlocking Africa, business and tourism potential.”
Airlink flies to more than 45 destinations in 15 African countries.
Airlink CEO Rodger Foster says part of the deal is increasing inter-continental destinations.
“Qatar Airways investment in Airlink is a vote of confidence in Airlink, our business model and our delivery of premium quality services.”
The price tag on the deal has not been disclosed yet, and is still subject to regulatory approval.