Qatar Airways acquires stake in China Southern Airlines
Qatar Airways Group has confirmed the acquisition of 5% stake in China Southern Airlines
Jan 03, 2019: Qatar Airways Group has confirmed the acquisition of five percent stake in China Southern Airlines as part of its investment strategy.
Ali Shareef Al Emadi, chairman, Qatar Airways said, “Qatar Airways regards our shareholding in China Southern Airlines as an important part of our strategic investment in the largest airline in one of the world’s fastest growing aviation markets.”
This investment further supports Qatar Airways’ investment strategy which already includes its 20 percent investment in International Airlines Group, ten percent in LATAM Airlines Group, 49 percent in Air Italy and its 9.99 percent in Cathay Pacific.
Qatar Airways group chief executive, Akbar Al Baker added, “China Southern Airlines is one of the most prestigious airlines in the Chinese domestic market and an important market player in the world, with massive potential for cooperation in the future. Given the complementary strengths and resources of each of China Southern Airlines and Qatar Airways, there are opportunities for us to work together and build a long-term relationship in ways that would bring benefits to customers of both airlines.”
The investment is a clear demonstration of Qatar Airways’ continued commitment to connecting travellers across all corners of the world in a way that is meaningful and convenient.