Bloomberg News

Qatar Airways Scraps Spanair Bid, Barcelona-Based Carrier Says

January 29, 2012

Jan. 27 (Bloomberg) -- Qatar Airways, the second-biggest Middle Eastern carrier, has pulled out of talks over a bid for Barcelona-based Spanair, a spokesman for the airline said.

The regional government of Catalonia, or Generalitat de Catalunya, informed the carrier that Qatar Air had withdrawn from negotiations, Josep Garriga said today. The government indicated it may stop financing the business, he said.

“We’ve been in talks with airlines to add a strategic partner,” Garriga said by telephone. “Qatar Airways, one of the companies interested, isn’t interested anymore, according to Generalitat.”

An official in the economy department of the Catalonia government said that Qatar Air had withdrawn from negotiations, while declining to be identified, in line with policy.

Scandinavian carrier SAS AB sold 80.1 percent of Spanair in March 2009 to a group of investors led by Consorci de Turisme de Barcelona and Catalana d’Iniciatives, with a subsequent capital injection reducing its holding to 11 percent.

To contact the reporter on this story: Manuel Baigorri in Madrid at mbaigorri@bloomberg.net

To contact the editor responsible for this story: Christopher Jasper at cjasper@bloomberg.net


Later, Baby
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus