One certainly wonders what’s motivating this sale, because this doesn’t otherwise seem in line with Qatar Airways’ strategy…
In 2017, Qatar Airways purchased a nearly 10% stake in Cathay Pacific, for around $662 million, which has been held onto for the past eight years. The Hong Kong-based airline has now announced its intention to buy back that stake for around $892 million, so that’s a roughly 35% premium over the purchase price.
Here’s how Cathay Group Chair Patrick Healy describes this transaction:
A great solo travel tip spotted this week on One Mile at a Time.
