In 2014, Etihad Airways introduced its own global alliance with the aim of linking several of its major airline investments to drive an improved global network and enhanced scheduling. Equipped with equity stakes in struggling airlines such as Air Berlin in Germany and Jet Airways in India, Etihad hoped that money would buy greater coordination, which would in turn drive revenue growth. Just over six years later, Air Berlin and Jet Airways have ceased to exist, the alliance has folded…
Qatar Airways has increased its stake in International Airlines Group (IAG) from 21.4 percent to 25.1 percent with a $600m buy-up. The move comes a little over a week after Air Italy which Qatar Airways had a 49 percent stake in ceased operations. In announcing the increased shareholding Qatar Airways…
U.S. investment firm Cartesian Capital Group has injected $50 million into Latin American low-cost carrier Viva Air, a subsidiary of low-cost developer Irelandia with bases in Colombia and Peru. The investment will help Irelandia's Latin American venture finance its fierce regional expansion plans, including setting up a base in a…
The state-owned flag carrier based in Doha, Qatar Airways, announced that it has finalized a deal with Sardinia-based airline Meridiana, to purchase a 49 percent stake in the Italian carrier, while Meridiana's parent company will retain the other 51 percent of the airline. Meridiana, which operates a small fleet of…
