Qatar Airways close to signing deal to buy stake in Italy’s Meridiana

Qatar Airways is also moving closer to taking a 49 per cent stake in Italy’s Meridiana, which it originally planned to finalise in October 2016.

Qatar Airways will sign a deal to buy a stake in Italian carrier Meridiana in the “next couple of days”, chief executive Akbar Al Baker said on Monday.

Mr Al Baker also said the airline will not reduce flight frequency to the United States.

Fellow Gulf carrier Emirates said last week it was cutting flights on five US routes after restrictions imposed by president Donald Trump’s administration weakened demand from the Middle East.

* Reuters

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