Qatar Airways bought a 25% stake in South Africa’s SA Airlink Pty Ltd. as the Doha-based airline looks to expand its presence on the continent.
The stake in the regional airline, purchased for an undisclosed price, will allow Qatar Airways to bolster its Africa growth strategy, it said in a statement Tuesday. Airlink will be able to increase its capacity and expand its marketing reach, according to the statement.
Qatar Airways is also the largest shareholder of British Airways owner IAG SA, and has stakes in Latam Airlines Group SA and Cathay Pacific Airways Ltd. The carrier is in talks to acquire about 20% of Virgin Australia Airlines Pty, Bloomberg reported in June.