Qatar Airways eyes 25% stake in Moscow Vnukovo International Airport

posted on 4th April 2018 by Jordan Newton
Qatar Airways eyes 25% stake in Moscow Vnukovo International Airport

Qatar Airways is set to acquire 25 per cent of Moscow’s Vnukovo International Airport after entering into a memorandum of understanding (MoU) with Russia’s third largest airport.

Qatar Airways Group chief executive, Akbar Al Baker, signed the MoU along with chairman of the board of Vnukovo International Airport JSC, Vitaly Vantsev (both pictured above).

The carrier said the potential investment supports the airline’s investment strategy, which already includes a 20 per cent stake in International Airlines Group, 10 per cent in LATAM Airlines Group, 9.94 per cent in Cathay Pacific and 49 per cent in Air Italy.

Al Baker said: “As we celebrate the Year of Culture between Russia and the State of Qatar, I am very pleased to announce the potential acquisition of up to 25 per cent of Moscow’s Vnukovo International Airport.

“Such an investment will complement the strong ties we have already established with the country, with our launch of direct services to St. Petersburg late last year, as well as our triple-daily flights to Moscow.

“All our investments are part of our existing expansion strategy, through which we aim to be able to bring even more people together from all parts of the globe.”

Vantsev said the MoU was a “recognised touchstone of sterling quality of passenger and in-flight services” at Vnukovo.

He added: “Vnukovo International nowadays boasts the best transport accessibility and most advanced, cutting-edge airport infrastructure in Russia, enabling the airport’s consistently impressive passenger growth performance nationwide.

“This gives me every confidence that our potential partnership will be mutually beneficial and good for all concerned, through further synergies it will be creating for each partner, enabling further growth.”