Qatar Airways has announced that it has entered into an agreement to purchase an amount of 378,188,000 shares of Cathay Pacific Airways Limited, being approximately 9.61 percent of the total issued share capital. Completion of the transaction is expected to take place on November 6, 2017 in Hong Kong.
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.”
Copyright Photo: Cathay Pacific Airways Airbus A350-941 B-LRA (msn 029) LGW (SPA). Image: 935059.