Qatar Airways exploring foreign investment opportunities

Doha
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Qatar Airways still has an appetite for foreign airline investment despite its experience at Cargolux, which ended with the airline disposing of its shareholding.

The Qatari carrier acquired a 35% stake in Cargolux in 2011, but ended its involvement a year later after being unable to implement desired restructuring changes.

"This was a unique situation. We were there to help them with productivity, help them grow their network and help them with the synergies that are between Qatar Airways and Cargolux," says Qatar Airways chief executive Akbar Al Baker. "Unfortunately, there was no will on the part of the other shareholder to oblige, so we decided to withdraw."

Qatar is also branching out locally with a wholly owned Saudi Arabian domestic airline which should be ready for launch by early 2015, and continues to look at other for foreign moves.

"We are always looking at every investment opportunity, but we will not jump into bed with anyone unless we can add value for each other," says Al Baker. "We want to make sure our investment is very prudent and adds value to the bottom line of the airline."