Qatar Airways to become Rwanda Air’s largest shareholder July- Official

The Chief Executive of RwandAir, Yvonne Makolo, has said Qatar Airways is expected to finalise its deal of becoming the biggest shareholder of the Rwanda flag carrier by July.

Makolo said this while speaking with the Financial Times on Saturday.

“It’s been going on for a while, we have been discussing it for almost five years. So, now, we’re really at the tail-end of it,” Makolo said.

He added that for the past five years, Qatar and Rwanda have been working on a deal which would give the Gulf nation’s airline a 49 per cent stake in RwandAir for an undisclosed sum.

Qatar Airways declined to comment while RwandAir did not immediately respond to a request for further comment on the development.

Earlier this year, Qatar Airways Chief Executive Officer, Badr Mohammed Al Meer said that Qatar Airways would soon announce an investment in an airline in southern Africa.

Qatar Airways in 2019 took a 60 per cent stake in a new $1.3 bn international airport being built in Rwanda and has codeshare agreements with several airlines in Africa including RwandAir.

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