Qatar Airways has acquired approximately 9.61% stake in Cathay Pacific Airways Limited. Both airlines collaborate together as members of the oneworld alliance.
Air China Limited and Swire Pacific Limited together continue to hold 74.99% shares of the airline.
Commenting on the share acquisition, Cathay Pacific Chief Executive Officer, Rupert Hogg said, “Qatar Airways is one of the world’s premier airlines. We already work together closely as fellow members of the oneworld alliance and we look forward to a continued constructive relationship.”