Qatar Airways acquires 25% stake in South Africa's Airlink
TLDR
- Qatar Airways acquires 25% stake in Africa's Airlink, expanding operations into East and West Africa.
- Investment to enable Airlink's growth in new markets, adding to Qatar Airways' minority holdings in airlines.
- Qatar Airways experienced significant growth in African market, adding nine new destinations since December 2020.
Qatar Airways said on Tuesday that it is acquiring a 25% stake in Africa's Airlink, a privately owned regional airline operating in southern Africa.
This investment will enable Airlink to expand its operations into new markets, particularly in East and West Africa, according to Airlink's Chief Executive Rodger Foster.
This acquisition adds to Qatar Airways' growing portfolio of minority holdings in other airlines. It currently flies to 29 destinations across Africa and has experienced significant growth in the market, with nine new destinations added since December 2020.
Key Takeaways
Qatar Airways continues its strategic expansion in Africa with a series of acquisitions, including the finalization of a 49% stake in RwandAir. In addition to this, the carrier will hold a 60% stake in a new airport under construction near Rwanda's capital, Kigali, aiming to capitalize on the continent's growing travel demand. These moves are part of Qatar Airways' broader strategy to increase its presence in key markets worldwide. Beyond Africa, Qatar Airways is also the largest shareholder in International Airlines Group (IAG), the parent company of British Airways, and holds stakes in Latam Airlines Group and Cathay Pacific Airways. The airline is currently in discussions to acquire about 20% of Virgin Australia Airlines, further expanding its global reach.
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