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

January 03, 2019 - 04:06
Qatar Airways Announces Its Acquisition Of 5.00% Of China Southern Airlines

BEIJING, CHINA Media OutReach - 2 January 2019 - Qatar Airways Group Q.C.S.C. ("Qatar Airways") ispleased to announce that as part of its strategy to invest in the strongestairlines around the world and continue enhancing operations and networkconnectivity, on 28 December 2018, it has completed an on-market purchase ofcertain A shares and H shares of China Southern Airlines Company Limited("China Southern Airlines"), resulting in our aggregate holding ofapproximately 5.00% of the total issued share capital of China SouthernAirlines.

 



Qatar Airways' Chairman His ExcellencyMr Ali Shareef Al Emadi said, "Qatar Airways regards our shareholding in China Southern Airlines asan important part of our strategic investment in the largest airline in one ofthe world'sfastest growing aviation markets."

 

Qatar Airways' Group Chief Executive HisExcellency Mr Akbar Al Baker added, "China Southern Airlines is one of the most prestigious airlines inthe Chinese domestic market and an important market player in the world, withmassive potential for cooperation in the future. Given the complementarystrengths and resources of each of China Southern Airlines and Qatar Airways,there are opportunities for us to work together and build a long termrelationship in ways that would bring benefits to customers of both airlines.The investment is a clear demonstration of Qatar Airways' continued commitment toconnecting travellers across all corners of the world in a way that ismeaningful and convenient.  Qatar Airwaysvery much looks forward to the opportunity to deepen our working relationshipwith this great airline and further enhance the travel opportunities across theglobe."


This investment further supports Qatar Airways'investment strategy which already includes its 20% investment in InternationalAirlines Group, its 10% investment in LATAM Airlines Group, its 49% investmentin Air Italy and its 9.99% investment in Cathay Pacific.

 

About Qatar Airways

Qatar Airways, the national carrier of the Stateof Qatar, is celebrating more than 20 years of Going Places Together withtravellers across its more than 160 business and leisure destinations on boarda modern fleet of more than 200 aircraft. The world's fastest-growing airlineadded a number of exciting destinations to its growing network includingGothenburg, Sweden; Da Nang, Vietnam; and Mombasa, Kenya in 2018, and severalnew destinations are due to be launched in 2019, including Isfahan, Iran andValletta, Malta.

 

A multiple award-winning airline, Qatar Airwayswas named 'World's Best Business Class' by the 2018 World AirlineAwards, managed by international air transport rating organisation Skytrax. Itwas also named 'BestAirline in the Middle East', 'World's Best First Class AirlineLounge' and 'Best Business Class Seat', in recognition of itsground-breaking Business Class experience, Qsuite. Qatar Airways has beenawarded the coveted "SkytraxAirline of the Year"title, which is recognised as the pinnacle of excellence in the airlineindustry, four times.

 

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

 

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

 

Oryx One, Qatar Airways' in-flight entertainmentsystem offers passengers up to 4,000 entertainment options from the latestblockbuster movies, TV box sets, music, games and much more. Passengers flyingon Qatar Airways flights served by its B787, B777, A350, A380, A319 and selectA320 and A330 aircraft can also stay in touch with their friends and familyaround the world by using the award-winning airline's on-board Wi-Fi and GSMservice.

 

Qatar Airways proudly supports a range of excitinginternational and local initiatives dedicated to enriching the global communitythat it serves. Qatar Airways, the official FIFA partner, is the officialsponsor 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 internationalair cargo carriers, serves more than 60 freighter destinations worldwide viaits world-class Doha hub and also delivers freight to more than 160 keybusiness and leisure destinations globally on more than 200 aircraft. The QatarAirways Cargo fleet includes two Boeing 747-8 freighters, 15 Boeing 777freighters and eight Airbus A330 freighters.


E-paper