Qatar Airways Buys Into Fast-Growing Chinese Market, With One Eye On The Future [Forbes]
China Southern Airlines Company Limited (ZNH)
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Source: Forbes
Qatar Airways Buys Into Fast-Growing Chinese Market, With One Eye On The Future Qatar Airways has taken a 5% stake in China Southern Airlines, the largest airline in China, in a potentially significant new development for the Gulf airline’s global investment strategy. The Qatari carrier announced the purchase on January 2, saying it had bought the shares just before the turn of the year. The deal gives it a useful foot-hold in what is expected to become the largest aviation market The Qatari flag-carrier is now better positioned to take advantage of that growth. Alongside the surge in domestic air travel, there is also strong demand for international flights from Chinese consumers and Qatar Airways is no doubt hoping more of them will come through its Doha hub. “Not only are incomes rising with an emerging middle class, but also Chinese tourists are eager to travel abroad,” says Michael Stanat, director of global operations at SIS International Research. A Qatar Airways plane and a Ch
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