Hong Kong, Feb. 15 -- China Southern fattened up right before the Year of the Pig, signing a MoU to codeshare with Emirates. Read More >> This came a month after Qatar Airways disclosed it was taking a minority stake in China Southern.

Emirates may feel snubbed since its China Southern discussions started before Qatar's equity move. China Southern COO Han Wensheng differentiated Emirates from Qatar in a statement, saying: "Emirates is our first bi-directional partner in the Middle East." The two partners will explore further cooperation, such as in the typical areas of loyalty and lounges, but also in the less commonly cited areas of freight and airport collaboration.

While China Southern's newest partners are both connecting airlines fro...