Qatar Airways to Sell Cathay Pacific Stake for $896 Million
PositiveFinancial Markets

Qatar Airways to Sell Cathay Pacific Stake for $896 Million
Qatar Airways is set to sell its 9.57% stake in Cathay Pacific for $896.5 million, marking a significant financial move for both airlines. This buyback not only strengthens Cathay Pacific's ownership but also allows Qatar Airways to reallocate funds, potentially enhancing its own operations. Such transactions are crucial in the competitive aviation industry, reflecting strategic shifts and financial health.
— via World Pulse Now AI Editorial System



