Qantas - Qantas Frequent Flyer
Member since 11 Oct 2014
Total posts 318
Just announced - source Wall Street Journal, AAP, Reuters and others.
Qatar Air (QR) overnight completed a transaction purchasing a 5% share of China Southern (CZ). The sale price is undisclosed but at current market value represents approximately USD $ 500m. The move is described as an additional defensive strategic move for QR and provides an additional foothold in the rapidly growing Chinese market. In a separately issued statement by China Southern (CZ), it is mentioned that QR may consider increasing its stake in CZ during 2019. QR already holds a significant 20% stake in IAG (owner of BA, IB, EI and Vueling), 10% of South American carrier Latam, 10% of Cathay Pacific (CX) and 49% of Meridiana / Air Italy. QR's stake purchase in CZ is similar to the recently purchased American Airlines (AA) investment in CZ.
Virgin Australia - Velocity Rewards
Member since 14 Mar 2017
Total posts 140
Hi Guest, join in the discussion on
Qatar purchases 5% stake in China Southern
Already have an ET account? Log in below.
Signing up with Executive Traveller only takes a second and lets you
interact with our community. It's completely free and we'll never pass your information on to
Didn’t receive an activation email? Resend one to yourself here.
If you’ve forgotten your password, simply enter your email address
below, then click 'Submit'. We’ll send you an email to re-activate your account and enter a new password.
If you have not received the activation email, simply enter your email address below, then click 'Submit'. We’ll send you an email containing the activation link.
Subscribe to our free newsletter and get the latest news, reviews, tips and more sent straight to your inbox