Exhibitors pose at the Qatar Airways booth at the International Tourism Trade Fair ITB in Berlin, Germany, March 7, 2018. REUTERS/Fabrizio Bensch
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At the same time the restrictions imposed by Saudi Arabia, the United Arab Emirates, Bahrain and Egypt last June will push Qatar Air to a "very large loss" for the year ending April 1, the CEO said, adding that the carrier will need to find new streams of financing to survive since it has no access to the equivalent of U.S. Chapter 11 bankruptcy protection.Now in its 20th year of existence, Qatar Air has one of the world's most modern fleets that includes the first Airbus SE A350-1000 to enter service earlier this year.As part of its global strategy, Qatar Air has invested in other major carriers, taking a 20-percent stake in British Airways parent IAG SA and major holdings in Cathay Pacific Airways Ltd. and Latam Airlines Group SA.Qatar Air also wants to take a stake is Royal Air Maroc, though the carrier is not quite ready for such an investment, he said.
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