Cathay Pacific has agreed to repurchase Qatar Airways’ 9.57% stake for US$892 million, ending their equity partnership while maintaining alliance cooperation.
Qatar Airways Airlink Stake
Qatar Airways (QR) is close to finalizing a deal to acquire a minority stake (possibly 20%) in Virgin Australia (VA), almost 1.5 years after its private equity owner Bain Capital delayed a billion-dollar float of the carrier and pivoted to courting strategic buyers.
Flag carrier Qatar Airways (QR) has acquired a 25% stake in South African regional carrier Airlink (4Z), solidifying its investment plans in southern Africa.