Qatar Airways buys 5% stake in China Southern Airlines

AFP

2019/01/03 | 248 words | LE JOURNAL DE L'AVIATION | AIR TRANSPORT
Qatar Airways buys 5% stake in China Southern Airlines © Qatar Airways

Qatar Airways said on Wednesday that it had acquired a five percent stake in China Southern Airlines, as it seeks to establish itself in the Asian aviation market.The state-owned airline said in a statement the deal was part of its "strategy to invest in the strongest airlines around the world", but did not specify the cost of the transaction. China Southern Airlines is one of China's "big three" carriers.Qatar Airways also owns a 20 percent stake in International Airlines Group -- which hol...(…)

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