Qatar Airways completes 10% of LATAM deal

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Photo by Qatar Airways

Qatar Airways  has announced that they have completed the acquisition of a 10% stake in the LATAM Airlines Group. This deal was announced at the 2016 Farnborough Airshow. The carrier, through its Qatar Airways Investments company, acquired 60,837,452 shares, about 10% of the airline group, at $10 USD per share.

“The entrance of Qatar into the ownership (of LATAM) is an opportunity to develop a long-term relationship and explore new opportunities for connectivity with Asia and the Middle East,” LATAM said in a statement.

 

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