Qatar Takes Near 10-percent Stake in Cathay Pacific | Aviation International News

Qatar Takes Near 10-percent Stake in Cathay Pacific

Second equity purchase for Persian Gulf airline since American Airlines rebuff

By Gregory Polek • Senior Editor

November 6, 2017

Qatar Airways has agreed to take a 9.61-percent stake in Hong Kong’s Cathay Pacific for $661 million in a surprise move that comes just five weeks after Qatar closed on a 49-percent acquisition of Italy’s Meridiana. The new acquisition sends another signal of the Qatari carrier’s aggressive pursuit of equity stakes in other airlines following a rebuke by fellow OneWorld member American Airlines. Cathay Pacific, another OneWorld member, now becomes the fourth airline in which Qatar owns a major equity stake. Qatar also owns a 20-percent share in British Airways parent International Airlines Group, a 10-percent stake in Latam Airlines Group and 49 percent of Italy’s Meridiana.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

Airlines Confront Ongoing Impact of Middle East Conflict

High fuel costs and extended route disruption could force longer-term changes

Emirates Airline

Skyhop Plans Island Routes With Noemi's Electric Seaplane

Agreement between start-ups could lead to orders for up to 15 aircraft

Skyhop Aviation and Noemi Aerospace leaders

A220’s Performance Drives BermudAir’s Fleet Growth

Airline plans to gradually replace its Embraer E-Jet fleet

BermudAir Airbus A220

Air India Backs SkyDrive Emergency Medical eVTOL Plans

Partners say eVTOLs could accelerate response times in crowded Indian cities

SkyDrive plans eVTOL medical flights in India

Airbus Balances Shareholder Returns and New Aircraft

Rival Boeing arguably claimed bragging rights at the Farnborough International show

Airbus A350-1000

Virgin Firms Up eVTOL Air Taxi Alliance with Joby

Connections to London Heathrow and Manchester airports will start first

Joby eVTOL route network

ATR Chases New Regional Markets for Twin Turboprops

Iran war and wider geopolitical pressure stall buying decisions

ATR 42-600 in Papua New Guinea

Embraer Racks Up E-Jet Orders at Farnborough

30 firm orders led by Abra

Embraer