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Qatar Airways to Acquire 25 Percent Shares of Russian Airport

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Qatar Airways to Acquire 25 Percent Shares of Russian Airport
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April 12: Qatar Airways said it has signed a Memorandum of Understanding (MoU) with Moscow's Vnukovo International Airport, Russia’s third-largest airport, to potentially acquire up to 25 per cent of the airport’s total shares. Issuing a press statement on April 10, the airline company said that the signing ceremony took place on Wednesday, April 4 at the Oryx Rotana Hotel in Doha.

Qatar Airways Group Chief Executive Akbar Al Baker signed the MoU along with Chairman of the Board of Vnukovo International Airport JSC, VitalyVantsev.

 “As we celebrate the Year of Culture between Russia and the State of Qatar, I am very pleased to announce the potential acquisition of up to 25 per cent of Moscow's Vnukovo International Airport. Such an investment will complement the strong ties we have already established with the country, with our launch of direct services to St Petersburg late last year, as well as our triple-daily flights to Moscow. All our investments are part of our existing expansion strategy, through which we aim to be able to bring even more people together from all parts of the globe,” Al Baker said.

This potential investment supports the award-winning airline’s investment strategy, which already includes 20 per cent investment in International Airlines Group, 10 per cent investment in LATAM Airlines Group, 9.94 per cent investment in Cathay Pacific and 49 per cent investment in Air Italy, according to the statement.

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