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China Southern Airlines

Qatar Airways acquires 5 percent of China Southern Airlines

DUBAI/BEIJING: Qatar Airways has acquired a 5 percent stake in China Southern Airlines, 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, 10 percent of South America’s LATAM Airlines Group SA, 49 percent of Italy’s Meridiana and 9.99 percent stake in Hong Kong’s Cathay Pacific. China Southern in a separate statement said Qatar Airways may…