QATAR/CHINA. Qatar Airways Group has purchased a 5% stake in China Southern Airlines, building on its strategy of investing in growing airlines in key markets. On 28 December the company completed an on-market purchase of certain A shares and H shares of China Southern Airlines Company.
Qatar Airways’ Chairman His Excellency Ali Shareef Al Emadi 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.”
Qatar Airways’ Group Chief Executive His Excellency 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. Qatar Airways looks forward to the opportunity to deepen our working relationship with this great airline and further enhance the travel opportunities across the globe.”
Qatar Airways’ investment strategy includes a 20% investment in International Airlines Group, 10% in LATAM Airlines Group, 49% in Air Italy and 9.99% in Cathay Pacific.
