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[$$] Qatar’s National Airline Buys Stake in Chinese Carrier

Qatar Airways said Wednesday that it has acquired a small stake in China’s largest airline, adding to a roster of minority holdings in carriers on three continents. State-owned Qatar Airways said it bought a 5% stake in publicly listed China Southern Airlines Co. late last month and plans to expand cooperation as part of efforts to tackle an economic blockade from some of the Middle East state’s neighbors. The move comes as the three largest U.S. airlines step up their efforts to persuade the U.S. government to take action against Qatar Airways over alleged state subsidies.