Deals
Qatar Air to Acquire Meridiana Stake in Global Investment Spree
- Company plans to buy 49% holding in Italian airline by October
- Deal is still pending fulfilment of ‘certain conditions’
This article is for subscribers only.
Qatar Airways agreed to buy a 49 percent stake in Meridiana Fly SpA as a spat with labor leaders waned at Italy’s second-biggest airline, marking the Persian Gulf carrier’s third investment abroad to expand its global reach.
Qatar Air signed an agreement with Alisarda SpA, a holding company of the Aga Khan that owns Meridiana, for a transaction expected to be completed in early October, subject to “certain conditions,” the carrier said Thursday in a statement, without specifying the value or other terms.