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Stock impact report

Qatar Airways acquires 5 percent of China Southern Airlines [Reuters]

China Southern Airlines Company Limited (ZNH) 
US:NYSE Investor Relations: csair.com/en/about/investor
Company Research Source: Reuters
Qatar Airways acquires 5 percent of China Southern Airlines | Reuters 3 Min Read DUBAI/BEIJING (Reuters) - Qatar Airways has acquired a 5 percent stake in China Southern Airlines ( 600029.SS ), the state-owned Gulf carrier said on Wednesday, in a move to gain access to the fast-growing mainland Chinese market. Qatar Airways also owns a 20 percent stake in British Airways-parent International Consolidated Airlines Group ( ICAG.L ), 10 percent of South America’s LATAM Airlines Group SA ( LTM.SN ), 49 percent of Italy’s Meridiana and 9.99 percent stake in Hong Kong’s Cathay Pacific ( 0293.HK ). Qatar’s flagship airline has sought new partners and routes after it was blocked last year from flying to the lucrative markets of Saudi Arabia and the United Arab Emirates because of restrictions imposed by those countries. Saudi Arabia, UAE, Bahrain and Egypt, imposed a political and economic boycott on Qatar since June 2017, accusing it of supporting terrorism, which Doha denies. China Show less Read more
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