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Qatar Airways finalizes LATAM investment

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Qatar Airways finalizes LATAM investment

Unread post by bimjim » Fri Dec 30, 2016

http://www.travelweekly.com/Travel-News ... investment

Qatar Airways finalizes LATAM investment
Robert Silk
December 29, 2016

Qatar Airways has completed the acquisition of 10% of South America's largest airline group, LATAM.

Qatar's investment in its One World alliance partner came through an approximately $600 million purchase of newly subscribed LATAM shares.

Qatar flies to 10 U.S. cities from its hub in Doha. LATAM flies to Miami, Los Angeles, Washington Dulles, Orlando and New York. Its primary hubs are in Sao Paulo; Bogota, Colombia; and Santiago, Chile.

In addition, LATAM and American have an application for antitrust immunity pending with regulatory agencies in several countries throughout the Americas. The carriers are seeking approval to jointly plan, market and operate flights between North America and six South American countries: Brazil, Chile, Columbia, Paraguay, Peru and Uruguay.

Along with its new investment in LATAM, Qatar is a 20% owner of IAG, the airline group that owns British Airways, Spanish carriers Iberia and Vueling, and Ireland's Aer Lingus.

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