Qatar buys LATAM stake

December 30, 2016 by  
Filed under AMERICAS, Aviation, News

SANTIAGO, 30 December 2016: Qatar Airways bought a 10% stake Wednesday in LATAM, the largest airline in Latin America, the Chilean-Brazilian company said.

The investment, first announced last July, amounts to 60.8 million shares at a price of USD10 each, LATAM said in a statement.

The airline — the product of a 2012 merger between Chile’s LAN and Brazil’s TAM — said Qatar’s arrival as a stakeholder “represents a unique opportunity to develop a long-term relationship and explore new opportunities to connect with Asia and the Middle East”. Read more