Qatar Airways Sells Entire Stake in Cathay Pacific for $897 Million

Qatar Airways has made a strategic decision to sell its entire stake in Cathay Pacific Airways for a whopping $897 million. This move marks the end of an eight-year investment in Hong Kong’s flagship airline.

The state-owned airline has finalized the sale of its 9.7% stake in Cathay Pacific, signaling a complete exit from the airline. The decision to sell the stake for $897 million highlights Qatar Airways’ focus on reshaping its investment portfolio and optimizing its resources.

Qatar Airways’ exit from Cathay Pacific comes amidst a challenging time for the airline industry, with the COVID-19 pandemic causing unprecedented disruptions. By divesting its stake in Cathay Pacific, Qatar Airways aims to reallocate its resources towards opportunities that align with its long-term growth strategy.

Despite the sale, Qatar Airways remains committed to its vision of providing world-class service and connectivity to passengers around the globe. The airline continues to expand its network and enhance its services to meet the evolving needs of travelers.

The sale of Qatar Airways’ stake in Cathay Pacific for $897 million represents a significant transaction in the airline industry. As Qatar Airways embarks on a new chapter, the airline is poised to navigate the challenges ahead and emerge stronger in the post-pandemic landscape.