Qatar Airways Sells Stake in Cathay Pacific for $896 Million
Qatar Airways will sell its entire 9.6% stake in Cathay Pacific Airways to buy back at $1.4 per share. The airline sold its holding for $896 million, ending eight years of investment in Hong Kong’s flagship carrier. Qatar acquired the stake in 2017 for $662 million and has since invested heavily in the airline. Cathay’s … Read more