✈️ Qatar Airways Exits Cathay Pacific with US$ 897 Mn Share Sale

• Qatar Airways has sold its entire 9.7% holding in Cathay Pacific Airways for approximately US$ 897 million (HK$ 6.97 billion), completing its exit from the Hong Kong carrier. • Cathay Pacific bought back the stake at HK$ 10.8374 per share, a roughly 4% discount to the previous day’s closing price. • The sale represents a significant 35% premium on the price Qatar Airways paid when it acquired the holding in 2017. • Qatar Airways stated the divestment aligns with its "disciplined portfolio strategy" to optimise investments. • Cathay Pacific plans to fund the buyback using internal funds and credit lines, demonstrating confidence in its future. • The airline also announced plans to invest HK$ 100 billion over seven years for fleet upgrades and new cabin products. • Cathay Pacific's shares reacted positively, rising 4.8% following the announcement.