Commodities

Qatar Airways considers buying Lufthansa stake - report

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Ludwig Burger Reuters
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Credit: REUTERS/RALPH ORLOWSKI

Qatar Airways is considering taking a stake in Germany's Lufthansa, its chief executive Akbar al-Baker was quoted as saying by German news agency dpa.

FRANKFURT, Dec 2 (Reuters) - Qatar Airways is considering taking a stake in Germany's Lufthansa LHAG.DE, its chief executive Akbar al-Baker was quoted as saying by German news agency dpa.

"If there is an opportunity to invest in Lufthansa, we would like to do it," Akbar Al-Baker told dpa in Doha on Sunday on the sidelines of a visit of the premier of regional state Lower Saxony, Stephan Weil, to Qatar.

Initially, Qatar Airways would also look into a partnership with Lufthansa, Al-Baker was quoted as saying.

"Germany is a very important country for us, both in terms of air transport services and in terms of development of tourism," he said.

Qatar Airways did not immediately respond to a request for comment.

Shares in Lufthansa were up 2% at 0736 GMT on Monday.

(Reporting by Ludwig Burger; Editing by Alexander Smith)

((ludwig.burger@thomsonreuters.com; +49 69 7565 1311; Reuters Messaging: ludwig.burger.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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