Qatar Airways has announced that it has entered into an MoU with Moscow’s Vnukovo International Airport, Russia’s third-largest, to potentially acquire up to 25 percent of the airport’s total shares.
Qatar Airways Group Chief Executive, Akbar Al Baker, signed the MoU along with Chairman of the Board of Vnukovo International Airport JSC, Vitaly Vantsev. The signing took place in Doha in the presence of Deputy General Commerce for Vnukovo International Airport, Anton Kuznetsov.
Says Akbar Al Baker, “As we celebrate the Year of Culture between Russia and the State of Qatar, such an investment will complement the strong ties we have already established with the country.” This potential investment supports the airline’s investment strategy, which already includes 20 percent investment in International Airlines Group, 10 percent investment in LATAM Airlines Group, 9.94 percent investment in Cathay Pacific, and 49 percent investment in Air Italy.
