In February, it was reported that Qatar Airways had purchased a 49% stake in RwandAir. However, since then, there hasn’t been much talk about the deal. Nonetheless, the company’s CEO, Akbar Al Baker, reminded people this week that his firm is still a stakeholder in the African outfit.
During a Fireside Chat hosted by Aviation Week on Tuesday, Al Baker was asked about Qatar Airways’ investments in other airlines amid the global health crisis. He emphasized that his business conducts these deals for the long-term as it is not a financial investor, but a strategic one.
Stay informed: Sign up for our daily aviation news digest.
Altogether, the group is not looking for mere financial gain. It is looking at the long-term interests of the companies it interacts with. Nonetheless, the executive is not looking to purchase stakes in other airlines at the moment.
It will see out the impact of the pandemic before making the next step. For now, it is concentrating on its current investments, such as its stakes in International Airlines Group, China Southern, Cathay Pacific, LATAM Airlines Group, and, more recently, Rwandair. Al Baker said,
“Not at the moment, we will not like to invest in any other airline during this difficult period. We will wait and see what is the outcome of our industry in the next year or so, and then we will consider our next step in our strategic