LATAM Airlines Group S.A., Latin America’s leading airline group, and world-class airline Qatar Airways, both members of the oneworld alliance, announced today that they have entered into a subscription agreement providing for Qatar Airways to acquire up to 10 per cent of LATAM’s total shares, which will be acquired in connection with a capital increase.
As provided for in the subscription agreement, LATAM Airlines Group will hold an Extraordinary Shareholders Meeting no later than 2 September, 2016 to propose a capital increase in the amount of US$613 million through the issuance of new shares at a price of US$10 per share.
Eirules wrote:Are QR trying to buy a stake in each of the oneworld airlines to increase their influence in the alliance? They have only recently increased their stake in IAG (BA, IB, in the future EI & if rumours are to be believed possibly AY too), now LATAM. Will they look at others like QF (not sure how that'd work with the EK tie up), CX or perhaps even RJ?
jfk777 wrote:Avianca is an odd airline for the Star Alliance right next door to Panama's Copa, if Delta buys a stake in Avianca would they change alliances to Skyteam.
a380787 wrote:No offense, but COPA is a niche airline that does 737 north-south scissor hub with a singular PTY hub that has no domestic market to speak of (unless you count the dinky-tiny CopaColombia).
jfk777 wrote:Eirules wrote:Doubtful that Qatar would take a stake in Cathay since Swire owns 45% and the Chinese Government through Air China owns 40%. The free float is small.
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