Qatar Airways is planning to enter into a partnership with Latam Airlines Group SA as it is set to purchase 10 percent of the airline for $613 million.
The no. 2 Gulf Carrier is planning to expand its global network not only with the Latam investment, but also with possible coordination with Royal Air Maroc which will supply access to markets in North Africa and Italy’s Meridiana SpA. It has previously bought a 15.7 percent share in IAG SA as well.
Latam, meanwhile, will also be benefiting from the investment as it will improve debt ratios and strengthen its competitive spot.
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