Qatar Airways to take stake in LATAM Airlines

LATAM Airlines announced that Qatar Airways would acquire up to 10% of its shares through a capital increase.

LATAM Airlines will propose a capital increase of $613m no later than September 2, 2016, through the issuance of new shares ($10 per share).

Akbar Al Baker, Group Chief Executive of Qatar Airways, commented, “LATAM represents an exciting opportunity to invest and support the development of our long-term relationship. As a leading airline in Latin America, and key member of oneworld, this investment provides potential opportunities for Qatar Airways’ global network, alongside our successful investment in IAG”.

Source: LATAM Airlines