Qatar Airways set to acquire up to 10% of LATAM Airlines

LATAM Airlines Group, Latin America?s leading airline group, and Qatar Airways on Tuesday announced that they have entered into a subscription agreement allowing Qatar Airways to acquire up to 10 percent of LATAM?s total shares, which will be acquired in connection with a capital increase. The announcement was made at the Farnborough International Air Show in England. "LATAM represents an exciting opportunity to invest and support the development of our long-term relationship. As a leading airline in Latin America, and key member of oneworld, this investment provides potential opportunities for Qatar Airways? global network, alongside our successful investment in IAG," said Akbar Al Baker, Group chief executive of Qatar Airways. The companies expect the transaction to be completed within the fourth quarter of 2016. Courtesy: The Arabian Business.Com

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