Qatar Airways acquires 5 percent stake in China Southern

FAN Editor

Qatar Airways says it now holds a 5 percent share in China Southern Airlines, helping expand the Gulf carrier’s reach in one of the world’s fastest growing aviation markets.

Qatar Airways Group said Wednesday the acquisition of additional shares of China Southern supports its overall investment strategy. The Mideast carrier has a 49 percent stake in Air Italy, nearly 10 percent in Cathay Pacific and LATAM Airlines Group, and a 20 percent investment in International Airlines Group — the holding company for British Airways among others.

Continue Reading Below

China Southern Airlines is a member of SkyTeam, an alliance that includes Delta, KLM, Air France and others.

Despite losses off its revenue last year due to a boycott from neighboring Gulf states, Qatar Airways maintains it is the “world’s fastest growing airline.”

Free America Network Articles

Leave a Reply

Next Post

WATCH: New laws in the new year

Now Playing: New laws that will be rung in with the New Year Now Playing: Amazon raising minimum wage for US employees Now Playing: Shutdown talks to resume Now Playing: New laws in the new year Now Playing: Celebrating New Year’s Eve around the world Now Playing: New Year’s Eve […]