Qatar Airways has announced an investment in China Southern Airlines, acquiring a 5 per cent stake in the carrier.
The group says the move is part of its strategy to “invest in the strongest airlines around the world”. The sale was completed on 28 December.
Qatar Airways holds shares in several other airlines and groups, including 20 per cent in International Airlines Group (IAG), 10 per cent in LATAM Airlines Group, 49 per cent in Air Italy and 9.99 per cent in Cathay Pacific.
CEO Akbar Al Baker (pictured, left) commented: “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. 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 very much looks forward to the opportunity to deepen our working relationship with this great airline and further enhance the travel opportunities across the globe.”