January 4 2019  |  Retailers

Qatar Airways invests in China Southern Airlines

By Hibah Noor


Qatar Airways Group’s 5% stake in China Southern Airlines is part of its strategy to enhance its network connectivity

Qatar Airways Group has acquired 5% of China Southern Airlines, as part of its strategy to invest in the strongest airlines around the world and continue enhancing operations and network connectivity.

On December 28, 2018, the company completed an on-market purchase of certain A shares and H shares of China Southern Airlines Company Limited, resulting in its aggregate holding of approximately 5.00% of the total issued share capital of China Southern Airlines.

Qatar Airways’ Chairman His Excellency Mr 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.”

Qatar Airways’ Group Chief Executive His Excellency Mr Akbar Al Baker added: “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 travelers 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 supports Qatar Airways' investment strategy, which 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.

Brand News

January 17 2019

Armani cracks the Code Absolu with…

Armani Code has unveiled a new fragrance: Armani Code Absolu

By Mary Jane Pittilla

January 17 2019

Clinique customizes skincare with…

Clinique has introduced Clinique iD, the beauty brand’s first custom-blend hydration system made for both skin type and skin…

By Hibah Noor

January 16 2019

Coty to unveil Miu Miu fragrance…

Coty is set to launch the second fragrance from Prada-owned fashion brand Miu Miu, called Twist, containing a blend of classic…

By Mary Jane Pittilla

January 16 2019

Molton Brown to boost fragrance…

British luxury brand Molton Brown has unveiled plans to extend its prestige fragrance offer in 2019

By Jas Ryat

January 15 2019

New Gucci Guilty fragrances celebrate…

The new Gucci Guilty signature fragrances for men and women revel in the notion of men and…

By Hibah Noor

January 15 2019

Shiseido speeds up growth with…

Shiseido Travel Retail has opened its new office in Singapore, located in the heart of Singapore’s Central Business District

By Rebecca Byrne

January 15 2019

Champagne Lanson names new President

François Van Aal has been appointed President of Champagne Lanson by the Board of Directors

By Mary Jane Pittilla

January 15 2019

Haleybrooke launches Penderyn whisky…

Haleybrooke International, in collaboration with Richard McGratty of McG Consultants, has reached an agreement with Welsh…

By Mary Jane Pittilla

January 15 2019

Luxottica unveils King Power-exclusive…

Luxottica Group has collaborated with King Power International Company Limited on two King Power-exclusive sunglasses from…

By Jas Ryat

Copyright 2019 DutyFree Magazine. All rights reserved. Privacy Policy Sitemap