Cathay Pacific has agreed to repurchase Qatar Airways’ 9.57% stake for US$892 million, ending their equity partnership while maintaining alliance cooperation.
Oneworld
China Airlines (SkyTeam) and EVA Air (Star Alliance), face increasing competition from the rapidly growing upstart, Starlux Airlines (JX).
Oneworld, the leading global airline alliance, has announced that Fiji Airways (FJ) will become its 15th full-member airline.
Air China (AC), presently holding a 30% stake in Cathay Pacific (CX), is contemplating acquiring a controlling stake in the Hong Kong-based airline.