Qatar â€“ LATAM Airlines Group S.A. the leading airline group in Latin America, and world-class airline Qatar Airways, both members of the oneworld alliance, announced that Qatar Airways, through its wholly owned subsidiary Qatar Airways Investments (UK) Ltd , completed its acquisition of 10 per cent of LATAM reaching a total of 60,837,452 shares.
The preemptive rights offering of 61,316,424 new shares, at a price per share of US$10, ended on December 23, 2016, in which Qatar subscribed shares of LATAM through its wholly-owned subsidiary Qatar Airways Investments (UK) Ltd. (â€œQatarâ€), in its capacity as assignee of the preemptive right assigned by the shareholders of the Cueto, Amaro, Eblen and Bethia Groups to Qatar, as agreed between LATAM and Qatar, and other minority shareholders subscribed 12,140 shares of LATAM.Later, on December 28, 2016, Qatar subscribed 30,349,907 shares not subscribed by the shareholders during the preemptive rights period.
About Qatar Airways
Qatar Airways, the national carrier of the State of Qatar, is one of the fastest growing airlines operating one of the youngest fleets in the world. Now in its 19th year of operations, Qatar Airways has a modern fleet of 192 aircraft flying to more than 150 key business and leisure destinations across six continents.
A multiple award-winning airline, Qatar Airways was awarded World's Best Business Class; Best Business Class Airline Lounge and Best Airline Staff Service in the Middle East at the prestigious 2016 World Airline Awards managed by international air transport rating organisation Skytrax.
Qatar Airways is a member of the oneworld global alliance. The award-winning alliance was named the Worldâ€™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 Airwaysâ€™ inflight entertainment system offers passengers up to 3,000 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 as well as select A320 and A330 aircraft can also stay in touch with their friends and family around the world by using the award-winning airlineâ€™s on-board Wi-Fi and GSM service.
Qatar Airways is one of the worldâ€™s leaders in sponsoring global sporting events, including the strategic team sponsorships of FC Barcelona and Al-Ahli Saudi Arabia FC. Qatar Airwaysâ€™ strategy reflects the values of sports as a means of bringing people together, something at the core of the airlineâ€™s own brand message - Going Places Together.
Qatar Airways Cargo, the worldâ€™s third largest cargo carrier, serves more than 50 exclusive freighter destinations worldwide via its Doha hub and also delivers freight to more than 150 key business and leisure destinations globally on 192 aircraft. The Qatar Airways Cargo fleet now includes eight Airbus 330Fs, 11 Boeing 777 freighters and one Boeing 747 freighter.
About LATAM Airlines Group S.A.
LATAM Airlines Group S.A. is the new name given to LAN Airlines S.A. as a result of its association with TAM S.A. LATAM Airlines Group S.A. now includes LATAM Airlines Group (before LAN Airlines) and its affiliates in Peru, Argentina, Colombia and Ecuador, and LATAM Cargo and its affiliates, as well as TAM S.A. and its subsidiaries TAM Linhas Aereas S.A. (LATAM Airlines Brasil), including its business units TAM Transportes Aereos del Mercosur S.A., (LATAM Airlines Paraguay) and Multiplus S.A. This association creates one of the largest airline groups in the world in terms of network connections, providing passenger transport services to about 140 destinations in 25 countries and cargo services to about 140 destinations in 29 countries, with a fleet of 335 aircraft. In total, LATAM Airlines Group S.A. has more than 47,000 employees and its shares are traded in Santiago, as well as on the New York Stock Exchange, in the form of ADRs.
LATAM is the brand that has been adopted by the airline members of LATAM Airlines Group, and has started to implement the LATAM and LATAM Airlines brand to its customer contact points and aircraft, as part of a gradual roll-out that will last until 2019.
Each airline will continue to operate under their current brands and identities. For any inquiry of LAN or TAM, please visit www.latam.com.Further information at www.latamairlinesgroup.net
For further information contact:
Qatar Airways Group, Corporate Communications Department
Tel: +974 40222200, Fax: +974 40225350