For Qatar Airways & Airlink, it’s a done deal; The Doha-based carrier has secured a 25% stake in the South African carrier, in a gamechanger for the market.
Information has been released this week pertinent to the deal at hand.
Without further ado, let’s get into it…
Deal Details For the 25% Stake in Airlink by Qatar Airways…
Qatar Airways sees the 25% stake acquisition of Airlink as a way to progress forward in the Africa market.
The South African carrier flies to 45 destinations across 15 countries in the continent.
The 45 destinations will complement the Qatari carrier’s 29 destinations in the continent too.
Within this deal, both sides will codeshare, so both sides will stand to benefit from this.
Both Sides Express Enthusiasm To The Africa Market…
Commenting on the deal was Qatar Airways’ Group Chief Executive Officer, Engr. Badr Mohammed Al-Meer:
“Our investment in Airlink further demonstrates how integral we see Africa being to our business’ future.”
“This partnership not only demonstrates our confidence in Airlink, as a company that is resilient, agile, financially robust and governed on sound principles, but also in Africa as a whole, showing huge potential that I am delighted we are able to help start realising.”
Adding to this was Airlink Chief Executive Rodger Foster:
“Having Qatar Airways as an equity partner is a powerful endorsement of Airlink and echoes our faith in the markets we currently serve and plan to add to our network.”
“This transaction will unlock growth by providing efficiencies of scale, increasing our capacity and expanding our marketing reach.”
“By bolstering Airlink and its business, this investment will strengthen all of the existing airline partnerships Airlink has nurtured over the years.”
Overall…
In conclusion, the Qatar Airways-Airlink partnership will no doubt help solidify each carrier’s presence in the region.
Looking ahead, it will be interesting to see what the actual details of the codeshare will look like.
Africa has been a big theme for the Doha-based carrier in 2024, and this latest news highlights that.
For now, let’s see how this new relationship forms, and whether there is scope to expand this further going forward.
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