Qatar Airways acquires 5% stake in China Southern Airlines

    Qatar Airways announced (02-Jan-2019) it completed an on market purchase of certain A shares and H shares of China Southern Airlines, increasing its total holding of 5.00% of the total issued share capital of China Southern. China Southern said Qatar Airways may consider increasing its stake in the airline in the next 12 months. Qatar Airways Group CEO Akbar Al Baker commented: “China Southern Airlines is… an important market player in the world, with massive potential for cooperation in the future”. This investment further supports Qatar Airways’ investment strategy which already includes a 20% investment in International Airlines Group, a 10% investment in LATAM Airlines Group, a 49% investment in Air Italy and a 9.99% investment in Cathay Pacific.