Subscribe Free
in Air Transport / Business & Finance

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.
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Emirates marks 20 years of operations to Bahrain

Emirates is celebrating 20 years of services to Bahrain.

Boeing postpones first flight of 777X due to poor weather

Boeing is postponing the 777X first flight that was scheduled to take place today, January 23, due to weather.

Etihad Airways celebrates Chinese New Year with special treats for guests

Etihad Airways, in partnership with the Abu Dhabi National Oil Company (ADNOC), is celebrating Chinese New Year with a special flight from Abu Dhabi to Shanghai operated by the airline’s unique ‘Choose China’ themed aircraft livery.

Boeing statement on 737 MAX return to service

The Boeing Company has issued a statement regarding the 737 MAX return to service.

Bombardier gets green light for avionics upgrade on Learjet aircraft

Bombardier has announced that the U.S. Federal Aviation Administration (FAA) has certified the latest update to the popular Garmin G5000 avionics suite aboard Learjet aircraft.

Etihad Aviation Training secures European approval to train Boeing 777, 787 pilots

Etihad Aviation Training, the specialist training division of Etihad Aviation Group, has become the first aviation company in the Middle East to gain approval from the European Aviation Safety Agency (EASA) to train Boeing 777 and 787

MRO_SK161219260220
See us at
FIL20BT140124720AVMENA20 BT1309100620AVAFA20BT2607050320MRO_BT161219260220AIME BT0801260220SaudiAirshow21BT2011180221Sofex BT2611020420