QATAR Airways has confirmed the acquisition of a 5% stake in Guangzhou-based China Southern Airlines.
QR said the purchase was part of an ongoing strategy to “invest in the strongest airlines around the world and continue enhancing operations and network connectivity”.
Qatar Airways Group CEO Akbar Al Baker said the complementary strengths and resources of the carriers created opportunities 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 is a member of the oneworld alliance, while China Southern is currently unaligned, having this week formally ended its membership of the SkyTeam alliance (TD 16 Nov).
Source: traveldaily