LATAM Airlines Group CEO Enrique Cueto and Qatar Airways’ Group CEO Akbar Al Baker announce investment deal during the Farnborough Air Show in July, 2016
LATAM Airlines Group and Qatar Airways have completed their transaction in which the Middle East airline has taken a 10% stake in the Latin America group. The deal, which sees Qatar Airways invest some $600 million through a capital increase in LATAM, was completed Dec. 28, LATAM announced. Both airlines are members of the oneworld global alliance. “The entrance of Qatar Airways as a shareholder of LATAM represents a unique opportunity to develop a long-term relationship and explore ...
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