Qatar Airways acquires 9.61 % of Cathay Pacific

Qatar Airways announces the completion of its acquisition of 9.61 % of fellow oneworld member Cathay Pacific Airways Limited.


Akbar Al Baker Cathay Pacific Qatar Airways


Qatar Airways has announced that it has entered into an agreement to purchase 378,188,000 shares of oneworld member Cathay Pacific Airways Limited, being approximately 9.61 per cent of the total issued share capital.

 

Qatar Airways group chief executive, His Excellency Akbar Al Baker said, “Qatar Airways is very pleased to complete its financial investment in Cathay Pacific. Cathay Pacific is a fellow oneworld member and is one of the strongest airlines in the world, respected throughout the industry and with massive potential for the future.

 

This investment further supports Qatar Airways investment strategy which already includes 20% investment in International Airlines Group, 10% investment in LATAM Airlines Group and 49% investment in Meridiana.”

 

 

About Qatar Airways 

Qatar Airways, the national carrier of the State of Qatar, is celebrating 20 years of Going Places Together with travellers across its more than 150 business and leisure destinations. The world’s fastest-growing airline will add a number of exciting new destinations to its growing network in 2017/18, including St. Petersburg, Russia; Chiang Mai, Thailand; Canberra, Australia and many more.

 

Qatar Airways is a member of the oneworld global alliance. The award-winning alliance was named the World’s Best Airline Alliance 2015 by Skytrax for the third year running. Qatar Airways was the first Gulf carrier to join global airline alliance, oneworld.

 

Qatar Airways Cargo, the world’s third largest international cargo carrier, serves more than 60 exclusive freighter destinations worldwide via its world-class Doha hub and also delivers freight to more than 150 key business and leisure destinations globally with more than 200 aircraft. The Qatar Airways Cargo fleet includes eight Airbus A330 freighters, 12 Boeing 777 freighters and one Boeing 747-8 freighter.