DUBAI, United Arab Emirates (AP) – 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.
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.”
- Associated Press
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