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: June 28, 2016
UAE. Private wealth in the UAE is projected to post a compound annual growth rate of 14.1% to reach almost $1 trillion in 2020; over the next five years, private wealth held by ultra-high-net-worth households in the Emirates is also expected to increase by a staggering 20%.
date:Posted: June 28, 2016
OMAN. Private wealth held by upper high-net-worth households in Oman is projected to increase by a healthy 8.8% over the next five years.
date:Posted: June 27, 2016
INTERNATIONAL. Markets participants are on edge and with many questions unanswered post the Brexit victory adding to the uncertainty, investor risk appetite has diminished.
UAE. Private wealth in the UAE is projected to post a compound annual growth rate of 14.1% to reach almost $1 trillion in 2020; over the next five years, private wealth held by ultra-high-net-worth households in the Emirates is also expected to increase by a staggering 20%.
dhgate