A June 26 deadline is rapidly approaching to conclude negotiations that would allow Qatar Airways to take a major stake in Italian carrier Meridiana. The Gulf carrier has proposed taking a 49% shareholding in the Sardinia-based airline, which has been loss-making since 2008 and kept afloat by financial infusions from its ultimate owner, the Aga Khan Fund for Economic Development. The Aga Khan, the leader of the world’s Ismailia Moslem community, created the airline in 1963 to promote ...

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