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Completion Of The Meridiana Agreement By Qatar Airways And Alisarda

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New acquisition strengthens Qatar Airways’ commitment to Italy

Deal will see Qatar Airways hold 49 per cent of AQA Holding

(Parent company of Meridiana Fly)

 

DOHA, Qatar – Qatar Airways has further strengthened its commitment to Italy with the acquisition of 49 per cent of AQA Holding, the new parent company of Meridiana fly (Meridiana), while the previous sole shareholder Alisarda has kept 51 per cent.

Qatar Airways currently flies from Doha to Rome, Venice, Pisa and Milan a total of 42 times per week and this partnership will further strengthen the airline’s ties to Italy, while promoting job creation within the country, and from where it connects passengers to more than 150 destinations around the world.

Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker, said: “We are delighted to formalise this important partnership, which will help increase Meridiana’s competitiveness in the European market. We look forward to working together to reinforce its position to provide even more connectivity to Italy and other European destinations, as well as those in the US and beyond.”

Under the terms of the Contribution and Shareholders’ Agreement signed in July 2016, Alisarda maintains the right to appoint the majority of the Board members.

Following the closing, the Shareholders’ meetings of AQA Holding and Meridiana appointed today the new Board of directors. Alisarda’s Chairman Marco Rigotti has been appointed Chairman of AQA Holding while Francesco Violante is the new Chairman of Meridiana. Mr. Violante has previously been the Chief Executive Officer of SITA until end of June 2016, leaving in at the end October after a very successful 13 years.

In due course, the new plan for Meridiana will be announced and the new Chief Executive Officer will be appointed. In the meanwhile Mr. Rigotti will retain the executive powers as deputy chairman.

Chairman of Alisarda and AQA Holding, Mr. Marco Rigotti, said: “I’m really grateful to Minister Delrio for his determined and tireless support, encouragement and strong belief in the project. We are thrilled to begin this partnership project with the world’s best airline. We are now working on an ambitious business plan, with the aim to offer to the passengers new destinations and the highest level of satisfaction. I warmly welcome Francesco and I’m delighted that he accepted to be part of this challenging and exciting venture.”

Meridiana Chairman, Mr. Francesco Violante, said: “I am very delighted that the shareholders appointed me as Chairman of Meridiana Board. I am excited to be part of this new venture with the aim of building a strong airline in Italy and in the European market. My priorities will be to create value for the shareholders, to help the management and all the staff to achieve the new business plan and to make our passengers happy to travel with us.”

Meridiana is the second largest Italian carrier, with an extensive network which connects the main Italian airports with Sardinia and provides connectivity with hubs in Europe, as well as in the U.S. and Africa. Meridiana’s fleet consists of Boeing 737s, 767s and MD-82s.

Qatar Airways, the national carrier of the State of Qatar, is the world’s fastest-growing airline, flying passengers to an extensive network of more than 150 global destinations on board its modern fleet of 200 aircraft.

A multiple award-winning airline, Qatar Airways was recently named Airline of the Year by the 2017 World Airline Awards, managed by international air transport rating organisation Skytrax. It was also named World’s Best Business Class, Best Airline in the Middle East, and World’s Best First Class Airline Lounge.

 

For Images : https://www.flickr.com/photos/qatarairways/albums/72157685712147162

Notes to Editors:

About Qatar Airways

Qatar Airways, the national carrier of the State of Qatar, is celebrating 20 years of Going Places Together with travellers across its more than 150 business and leisure destinations. The world’s fastest growing airline will add a number of exciting new destinations to its growing network in 2017/18, including Dublin, Nice, Skopje, Sarajevo and many more, flying passengers on board its modern fleet of 200 aircraft. 

A multiple award-winning airline, Qatar Airways was recently named Airline of the Year by the 2017 World Airline Awards, managed by international air transport rating organisation Skytrax. It was also named World’s Best Business Class, Best Airline in the Middle East, and World’s Best First Class Airline Lounge.

Qatar Airways is a member of the oneworld global alliance. The award-winning alliance was named the World’s Best Airline Alliance 2015 by Skytrax for the third year running. Qatar Airways was the first Gulf carrier to join global airline alliance, oneworld, enabling its passengers to benefit from more than 1,000 airports in more than 150 countries, with 14,250 daily departures.

Oryx One, Qatar Airways’ in-flight entertainment system offers passengers up to 4,000 entertainment options from the latest blockbuster movies, TV box sets, music, games and much more. Passengers flying on Qatar Airways flights served by its B787, A350, A380, A319 and select A320 and A330 aircraft can also stay in touch with their friends and family around the world by using the award-winning airline’s on-board Wi-Fi and GSM service.

Qatar Airways proudly supports a range of exciting international and local initiatives dedicated to enriching the global community that it serves. Qatar Airways, the official FIFA partner, is the official sponsor of many top-level sporting events, including the FIFA 2018 and 2022 World Cups, reflecting the values of sports as a means of bringing people together, something at the core of the airline’s own brand message - Going Places Together.

Qatar Airways Cargo, the world’s third largest international cargo carrier, serves 60 exclusive freighter destinations worldwide via its world-class Doha hub and also delivers freight to more than 150 key business and leisure destinations globally with 200 aircraft. The Qatar Airways Cargo fleet includes eight Airbus A330 freighters and 12 Boeing 777 freighters.

For further information, please contact:

Qatar Airways Group, Corporate Communications Department

Tel: +974 4022 2200

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