DOHA – Qatar – State-owned Qatar Airways has sold its entire 9.57 per cent stake in Hong Kong’s Cathay Pacific Airways for approximately US$897 million, officially ending an eight-year investment in the carrier and signalling a shift in strategic focus.
The move, executed via a share-buy-back plan by Cathay Pacific, ups the stakes for existing major shareholders and reflects Qatar Airways’ aim to streamline its global holdings while securing funds for long-term growth. Observers say the sale allows Doha’s flagship airline to re-allocate capital amid strong recent performance, while Cathay Pacific gains tighter control over its ownership structure and strengthens its capital base.
Industry analysts view the decision as part of a broader trend among Gulf carriers to re-assess overseas airline investments and favour more targeted partnerships over minority influence. For Cathay Pacific, the buy-back not only removes an external investor but underscores confidence in its recovery after pandemic-era losses.
This story has been reported by PakTribune. All rights reserved.