Eager to invest in the world’s strongest airlines, Qatar Airways Group completed an on-market purchase of certain A shares and H shares of China Southern Airlines Company Limited (China Southern Airlines) on December 28, 2018, which has resulted in the Qatari airline’s aggregate holding of approximately five per cent of the total issued share capital of China Southern Airlines.
Chairman, Qatar Airways, HE Ali Shareef Al Emadi enthused on the development: “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.”
Also commenting was chief executive, Qatar Airways Group, HE Akbar Al Baker: “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 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 continued: “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.”
This investment further supports Qatar Airways’ investment strategy which already includes its 20 per cent investment in International Airlines Group, its 10 per cent investment in LATAM Airlines Group, its 49 per cent investment in Air Italy and its 9.99 per cent investment in Cathay Pacific.