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Qatar grows its stake in China Southern Airlines

Posted 2 January 2019 · Add Comment

Qatar Airways has upped its stake in China Southern Airlines to 5%, the Diha based group said this morning. It completed the on-market purchase of the shares on December 28.

Qatar Airways’ Chairman 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.”
Group CEO Akbar Al Baker said, “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”
Al Baker went on to say that 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' investment strategy already includes its 20% investment in International Airlines Group, its 10% investment in LATAM Airlines Group, its 49% investment in Air Italy and its 9.99% investment in Cathay Pacific.
 

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