Qatar Airways

Qatar takes stake in Chinese airline

China Southern
Getty Images

Qatar Airways says it has bought a 5% stake in China Southern Airlines.

The Gulf airline said the investment was part of its on-going strategy: it already owns 20% of International Airlines Group (includes British Airways), 10% of LATAM Airlines, 49% of Air Italy and 9.99% of Cathay Pacific.

"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," said Qatar Airways’ chief executive Akbar Al Baker.

"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 cash and cows help buck Gulf boycott
One year on from the Gulf blockade of Qatar, the super-rich emirate is finding ways to get by.