Qatar Airways has taken a bold step in its strategic global expansion by selling its 9.57% stake in Cathay Pacific Airways. The $896 million sale ends an eight-year partnership between the Qatari and Hong Kong carriers.
Cathay Pacific will repurchase the shares directly from Qatar Airways. Following the announcement, Cathay’s stock rose 4.2% in Hong Kong trading. The deal still needs shareholder approval but has already boosted investor confidence.
Cathay Group chairman Patrick Healy said the decision shows strong faith in the company’s future. He added that it also strengthens Hong Kong’s role as a global aviation hub. The buyback marks an important step in the recovery of the global airline industry.
Qatar Airways framed the move as part of its strategic global expansion plan. CEO Badr Mohammed al-Meer said it reflects a disciplined approach to portfolio management. He noted that the airline aims to direct investments toward high-growth regions that fit its long-term goals.
The airline bought the Cathay Pacific stake in 2017 for about $662 million. At that time, Cathay Pacific faced financial struggles and heavy cost-cutting measures. However, it has since returned to profit, reporting $1.2 billion last fiscal year.
Qatar Airways continues to record strong financial results. It posted $2.15 billion in profit last year, proving its resilience after the pandemic. The airline has also overcome a regional blockade that once limited its operations.
Today, Qatar Airways holds major stakes in several airlines. These include International Airlines Group, LATAM Airlines, China Southern Airlines, Virgin Australia, and Airlink. Each investment supports the company’s growing global influence.
This sale underlines the airline’s focus on strategic global expansion and efficiency. By reshaping its portfolio, Qatar Airways reinforces its position as a powerful global aviation leader ready for the future.
