Reported about 14 hours ago
Qatar Airways has announced the sale of its 9.57% stake in Hong Kong's Cathay Pacific Airways for $896 million, concluding an eight-year relationship with the airline. The transaction is part of a strategic approach to optimize investments following a period of profitability for Cathay Pacific. The sale reflects Qatar Airways’ confidence in the future of the Hong Kong aviation market and is pending shareholder approval.
Source: YAHOO