Qatar Airways has identified European takeover target, says CEO
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Thu January 19, 2012 6:23 pm

QATAR. Qatar Airways is examining a potential acquisition in Europe, where the carrier last year purchased a stake in freight operator Cargolux International, Chief Executive Officer Akbar Al Baker said today.

The Gulf region’s second-largest airline has “identified” a target or targets as it looks for takeover prospects, Al Baker said in a briefing at the Bahrain Air Show.

“We need to look at every business opportunity we can get,” Al Baker said of prospects in Europe. “I just want to make sure Qatar Airways grows in a very sustained environment.”

Qatar Air is also interested in investing in India, though overseas carriers currently face hurdles that make such a move impractical, the executive said.

“The climate for airlines to invest in India should be conducive to proper business processes,” he said. “We will not go to India just to be a partner -- we are going to help them become more profitable, to get further investment, further capital, but then we also need to have return.”

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 25, 2017
UAE. Over 25% of successors think they will lose market share to new entrants; Quicker than ever, the past is being left behind - a tendency that in the perception of many goes against the tradition of family-owned businesses.
date:Posted: May 25, 2017
UAE. 88% of executives surveyed in the Gulf region experienced a fraud incident in the past year compared to 62% in 2015, according to the Kroll Annual Global Fraud and Risk Report - the highest increase of any region.
date:Posted: May 18, 2017
UAE. 2020 Expo key to 'lukewarm' construction market in UAE with costs forecast to rise by 2% in 2017; Rest of the region including Qatar and Oman seeing construction slowdown and stable costs, reflecting oil prices.
dhgate