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.
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.
Nick Wenzel founded International Flight Network in 2016. He is the Social Media Manager and an Editor for IFN.news.