Qatar Airways acquires stake in China Southern Airlines

Photo: © lasta29

Qatar Airways has announced that it acquired approximately 5.00% of the total issued share capital of China Southern Airlines as part of its strategic investments in several large airlines.

China Southern Airlines is one of the most prestigious airlines in the Chinese domestic market and an important market player in the world […]. 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. Qatar Airways’ Group Chief Executive Akbar Al Baker

After American Airlines, Qatar Airways is the second foreign airline that buys a stake in China Southern.

In addition, the national carrier of the State of Qatar already holds a 20% investment in International Airlines Group (IAG), a 10% stake in LATAM Airlines Group, as well as 9.99% of the issued share capital in Cathay Pacific. Furthermore, the Gulf carrier owns a 49% stake in Air Italy.

Qatar Airways was the first Gulf carrier to join the global airline alliance oneworld. However, Al Baker recently threatened to leave the alliance, whereas China Southern Airlines left the Skyteam alliance at the start of the year.