Bernama.com
Malaysian National News Agency

Qatar Airways Acquires 9.61 Per Cent Of Cathay Pacific
Business
November 06, 2017 10:54 AM
KUALA LUMPUR, Nov 6 (Bernama) -- Qatar Airwayshas entered into an agreement to purchase 378.188 millionshares or 9.61 per centof Cathay Pacific Airways Ltd.

Qatar Airways is very pleased to complete its financial investment in Cathay Pacific,? said Qatar Airways Group Chief ExecutiveAkbar Al Baker in a statement today.

Cathay Pacific is a fellowoneworld member. Completion of the transaction is expected to take place later today in Hong Kong.

This investment further supportedQatar Airways' investment strategy which already includeda 20 per centinvestment in International Airlines Group, 10 per cent in LATAM Airlines Group and 49 per centin Meridiana.

-- BERNAMA


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