Acquisition of Meridiana by Qatar Airways

Qatar Airways acquires 49% stake in Italy’s Meridiana

Question: Qatar Airways acquired 49 percent stake in Meridiana Airlines. ‘Meridiana’ is the airline of which country?
(a) Italy
(b) France
(c) Malaysia
(d) Iran
Answer: (a)
Related Facts:

  • Qatar Airways acquired 49 percent stake in Italy’s second largest airline ‘Meridiana’.
  • Qatar Airways is the largest loader in the Middle East region.
  • Prior to the acquisition, the ownership of ‘Meridiana’ was owned by Alisrada in Italy.
  • After 49% of the acquisition, 51% stake has remained with ‘Alisarada’.
  • n the year 1960, Meridiana Airlines was founded by businessman and Muslim spiritual leader Aga Khan.
    Qatar Airways has a strong position in the Italian air service.
  • It offers more than 40 flights a week to Doha Airbase.
  • Italy’s largest carrier ‘Alitalia’, partly owned by Qatar Airways’s regional competitor, Etihad Airways.
  • ‘Etihad Airways’ is an aerial service provider based in Abu Dhabi.

Reference:
https://www.qatarairways.com/en/press-releases/2017/sep/completion-of-the-meridiana-agreement-by-qatar-airways-and-alisa.html?activeTag=Press-releases
http://abcnews.go.com/International/wireStory/qatar-airways-acquires-49-percent-stake-italys-meridiana-50208057
http://www.thehindubusinessline.com/economy/logistics/qatar-airways-acquires-49-stake-in-italys-meridiana/article9883367.ece

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