Journalism of Courage

Qatar Airways purchase 49% stake in RwandAir


Qatar airways announced a 49% stake in RwandAir after taking a 60% stake in Kigali’s new airport in December.

The partnership will give RwandAir, which has reported close to $50m in losses each year since its creation, a solid technical and financial partner able to support its development and hub strategy.

Qatar Airways Chief Executive Akbar al-Baker has confirmed the purchase saying “It will be a very efficient hub in a very stable country in the heart of Africa. We see Africa as another region that has huge growth potential,” al-Baker said.

Last year, Qatar Airways and the Rwandan government signed an investment partnership whereby the Middle Eastern carrier agreed to take a 60% stake in the new Bugesera airport (east of Kigali), a project worth nearly $1.3bn and initially scheduled for completion in 2020.



Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time
Leave A Reply

Your email address will not be published.