Qatar Airways buys 5% of China Southern Airline

Intro

Five percent of China Southern Airlines was acquired by Qatar Airways, 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.

Qatar Airways also owns a 20 per cent stake in International Airlines Group — which holds British Airways under its umbrella — as well as shares in LATAM Airlines Group, Italy’s Meridiana and Hong Kong-based Cathay Pacific.

The latest deal comes as Qatar seeks new partners and routes for the national airline due to an ongoing diplomatic dispute in the Gulf.

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