April 10 2018  |  Airlines & Airports

Qatar Airways signs MoU to acquire up to 25% Vnukovo International Airport in Russia

By Hibah Noor

Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker, signed the MoU along with Chairman of the Board of Vnukovo International Airport JSC, Mr. Vitaly Vantsev

Qatar Airways announces that it has entered into an Memorandum of Understanding (MoU) with Moscow's Vnukovo International Airport, to potentially acquire up to 25% of the airport’s total shares.

The signing ceremony took place on April 4 at the Oryx Rotana Hotel in Doha.

Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker, signed the MoU along with Chairman of the Board of Vnukovo International Airport JSC, Mr. Vitaly Vantsev. The signing took place in the presence of Deputy General Commerce for Vnukovo International Airport, Mr. Anton Kuznetsov.

Qatar Airways Group Chief Executive, His Excellency Mr. Akbar 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.”

Chairman of the Board of Vnukovo International Airport, Mr. Vitaly Vantsev, said: “Today we have signed the Memorandum of Understanding, the provisions of which, once implemented, could establish a foundation for productive partnership between Qatar Airways, one of the world's leading air carriers and a true, recognised touchstone of sterling quality of passenger and in-flight services, and Moscow's Vnukovo Airport. 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.”

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