Qatar ac­quires 5% of Chi­nese Air­lines

Business a.m. - - COMPANY -

QATAR AIR WAYS GROUP has an­nounced that as part of its strat­egy to in­vest in the strong­est air­lines around the world and con­tinue en­hanc­ing op­er­a­tions and net­work con­nec­tiv­ity it has com­pleted an on­mar­ket pur­chase of cer­tain A shares and H shares of China South­ern Air­lines Com­pany Lim­ited. The deal was com­pleted on 28 De­cem­ber 2018.

Qatar Air­ways said the ac­qui­si­tion gave rise to its ag­gre­gate hold­ing of ap­prox­i­mately five per cent of the to­tal is­sued share cap­i­tal of China South­ern Air­lines.

Qatar Air­ways’ Chair­man His Ex­cel­lency Mr Ali Sha- reef 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.”

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