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FINANCIAL NEWS
Qatar Airways to acquire USD2b IndiGo stake
09 Nov 2015
(USD) Qatar Airways, the second-biggest Gulf carrier has showed great interest in taking a 49 percent stake in IndiGo, the largest Indian Low-cost airline, according to recent reports.
The stake is valued at USD2 billion, and this huge move is driven by Qatar Airways keenness to boost its exposure to one of the world’s fastest-growing travel markets.
Additionally, Qatar Airways also aims at raising its 10 percent holding in the International Consolidated Airlines Group, parent of British Airways, as stressed by its officials.
The carrier will also be studying the case for purchasing a stake in Moroccan national carrier Royal Air Maroc to extend its reach into the underserved travel markets of West Africa.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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