Qatar Airways plans to buy stake in Russian airport

26 March 2018

Qatar Airways announced plans on Monday to buy a 25 percent stake in Russia’s Vnukovo Airport, the third-largest in the Moscow area by passenger numbers.

The deal was announced on the same day that Qatar’s Emir, Sheikh Tamim bin Hamad al-Thani, met President Vladimir Putin in the Kremlin.

A Qatar Airways spokeswoman told Reuters the airline had signed a memorandum of understanding to buy the minority stake and that it now had eight weeks to finalize the transaction.

Russia’s Interfax news agency earlier quoted Qatar Airways Chief Executive Akbar al-Baker as announcing the deal.

No financial details were released.