Wednesday, April 27, 2016

Will Qatar Airways Invest in Royal Air Maroc?

 According to Chief Executive Officer Akbar Al Baker, Qatar Airways would consider acquiring between 25 and 49% of the shareholding of the Moroccan national carrier, Royal Air Maroc

The announcement came at the same time as a visit to Gulf States by HM King Mohammed VI. The King was visiting an exhibition dedicated to tourism in the Arabian Travel Market. The exhibition opened on April 25th and runs until the 28th April in Dubai.

Qatar Airways CEO Akbar Al Baker said, "There was an agreement between Moroccan and Qatari governments".

This is not the first time Al Baker has raised the issue. In October 2015, when Royal Air Moroc inaugurated its Casablanca - Doha link following the codeshare agreement between Qatar Airways and the national carrier, Al Bakar said the wanted to assess the advisability of investing in the capital of the Moroccan company.

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