DOHA (Reuters) – Qatar Airways is in talks to buy a 49% stake in Africa’s RwandAir and is interested in doubling its holding in LATAM Airlines Group (LTM.SN) to 20%, its chief executive said on Wednesday. FILE PHOTO: Qatar Airways Group Chief Executive Akbar Abbas Al Baker attends an interview with Reuters at the St. Petersburg International Economic Forum (SPIEF), Russia June 6, 2019. REUTERS/Maxim Shemetov/File Photo A stake in an African airline would widen its reach in one of the world’s fastest-growing aviation regions and potentially help it to bypass restrictions imposed on it by some Arab states. “We are very tough negotiators … we will take our time to negotiate,” CEO Akbar al-Baker told reporters in Doha. State-owned Qatar Airways already owns stakes in British Airways parent International Airlines Group (ICAG.L), China Southern (600029.SS), Cathay Pacific (0293.HK) and LATAM. It bought some of its holdings in other airlines after the United Arab Emirates and Saudi Arabia banned it from their airspace after a regional political dispute. Qatar Airways, which flies to more than 160 destinations, has been forced to fly longer routes to avoid the blocked airspace of some of its neighbors. The ban does not apply to non-Qatari airlines… Read full this story
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