Qatar Airways ends successful 2018 investing in China
As part of its strategy to invest in the strongest airlines around the world, Qatar Airways completed an on-market purchase of certain A and H shares of China Southern Airlines on 28 December 2018.
This investment results in an aggregate holding of approximately 5% of the total issued share capital of the Guangzhou-based carrier and supports Qatar Airways' investment strategy that already includes a 20% investment in IAG, a 10% investment in Latam Airlines Group, a 49% investment in Air Italy and a 9.99% investment in Cathay Pacific.
2018 is described as "a highly successful year for the airline’s cargo division", with cargo volumes increasing by 10.6% compared to 2017. The highlight of 2018 was the launch of direct transpacific services from Macau to Los Angeles CA, and Mexico City. (ah)