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November 7, 2017 – Bangalore Aviation

Daily Archives: November 7, 2017

Analysis: Qatar buys 9.61% of Cathay Pacific for $662 million for China foothold

November 7, 2017 Comments Off on Analysis: Qatar buys 9.61% of Cathay Pacific for $662 million for China foothold

After being rebuffed in its attempt to buy a stake in US carrier and fellow oneworld member, American Airlines Group, national carrier Qatar Airways Q.C.S.C. has bought a 9.61% stake in another fellow oneworld carrier Cathay Pacific Airways Limited. Qatar Airways bought 378,188,000 shares of Cathay Pacific from Kingboard Chemical Holdings and its allied companies for HK$5.2 billion (approximately US$662 …

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