Qatar Airways Announces Its Acquisition Of 5.00% Of China Southern Airlines

Wednesday, Jan 02, 2019 19:15

BEIJING, CHINA Media OutReach - 2 January 2019 - Qatar Airways Group Q.C.S.C. ("Qatar Airways") is pleased to announce that as part of its strategy to invest in the strongest airlines around the world and continue enhancing operations and network connectivity, on 28 December 2018, it has completed an on-market purchase of certain A shares and H shares of China Southern Airlines Company Limited ("China Southern Airlines"), resulting in our 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 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% 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.

 

About Qatar Airways

Qatar Airways, the national carrier of the State of Qatar, is celebrating more than 20 years of Going Places Together with travellers across its more than 160 business and leisure destinations on board a modern fleet of more than 200 aircraft. The world's fastest-growing airline added a number of exciting destinations to its growing network including Gothenburg, Sweden; Da Nang, Vietnam; and Mombasa, Kenya in 2018, and several new destinations are due to be launched in 2019, including Isfahan, Iran and Valletta, Malta.

 

A multiple award-winning airline, Qatar Airways was named 'World's Best Business Class' by the 2018 World Airline Awards, managed by international air transport rating organisation Skytrax. It was also named 'Best Airline in the Middle East', 'World's Best First Class Airline Lounge' and 'Best Business Class Seat', in recognition of its ground-breaking Business Class experience, Qsuite. Qatar Airways has been awarded the coveted "Skytrax Airline of the Year" title, which is recognised as the pinnacle of excellence in the airline industry, four times.

 

Qsuite, a patented Qatar Airways product, features the industry's first-ever double bed in Business Class, as well as privacy panels that stow away, allowing passengers in adjoining seats to create their own private room, a first of its kind in the industry.

 

Qatar Airways was the first Gulf carrier to join global airline alliance oneworld, enabling its passengers to benefit from more than 1,000 airports in more than 150 countries, with 14,250 daily departures.

 

Oryx One, Qatar Airways' in-flight entertainment system offers passengers up to 4,000 entertainment options from the latest blockbuster movies, TV box sets, music, games and much more. Passengers flying on Qatar Airways flights served by its B787, B777, A350, A380, A319 and select A320 and A330 aircraft can also stay in touch with their friends and family around the world by using the award-winning airline's on-board Wi-Fi and GSM service.

 

Qatar Airways proudly supports a range of exciting international and local initiatives dedicated to enriching the global community that it serves. Qatar Airways, the official FIFA partner, is the official sponsor of many top-level sporting events, including the FIFA 2022 World Cup, reflecting the values of sports as a means of bringing people together, something at the core of the airline's own brand message - Going Places Together.

 

Qatar Airways Cargo, one of the world's leading international air cargo carriers, serves more than 60 freighter destinations worldwide via its world-class Doha hub and also delivers freight to more than 160 key business and leisure destinations globally on more than 200 aircraft. The Qatar Airways Cargo fleet includes two Boeing 747-8 freighters, 15 Boeing 777 freighters and eight Airbus A330 freighters.



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