Qatar Airways successfully concluded this year’s Farnborough International Airshow 2016, with a number of high-profile announcements, showcasing two aircraft from its Qatar Executive fleet and hosting visitors both at its chalet and on board the luxury aircraft.
Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker announced a subscription agreement enabling Qatar Airways to acquire up to 10 per cent of LATAM Airlines Group’s total shares, which will be acquired in connection with a capital increase. Both airlines are members of the oneworld airline alliance.
On the opening day of the airshow, Qatar Airways also announced an additional order for three Gulfstream G650ER aircraft that will join the existing three G650ER aircraft already in service as part of the Qatar Executive fleet, part of a 30-aircraft order announced in May 2015 by Qatar Airways and Gulfstream Aerospace Corporation.
Qatar Airways also announced during the airshow that it has signed a contribution and shareholders agreement with Alisarda, the parent company of Meridiana. The agreement provides for Qatar Airways to purchase 49 per cent of Meridiana fly’s shares, subject to the fulfilment of certain conditions, before the closing which is planned for early October. Meridiana is the second largest carrier in Italy, with an extensive national and European network, which connects the main Italian airports with Sardinia and provides connectivity with hubs in Europe as well as in the U.S. and Africa. Meridiana’s fleet consists of Boeing 737s, 767s and MD-82s.
On the second day of the airshow, Qatar Airways received three separate accolades at the 2016 Skytrax World Airline Awards, held at the airshow. Global air travelers voted Qatar Airways as the World’s Best Business Class, Best Business Class Airline Lounge and the Best Airline Staff Service in the Middle East.
Mr. Al Baker said: “Qatar Airways is proud to have once again attended the Farnborough International Airshow, one of the leading aviation exhibitions in the world, the very same week we announced an operating profit of 8.6 per cent for the fiscal year 2016. This airshow is the perfect location to showcase our Qatar Executive fleet, including the G650ER of which we have just purchased an additional three aircraft. This, together with the recognition from Skytrax - awarding us three accolades, including the World’s Best Business Class - is testament to our commitment to lead the industry in both service and on board products, allowing our passengers to experience the very best in travel and hospitality.”