Qatar Airways Sells Cathay Pacific Stake

Qatar Airways sells entire stake in Cathay Pacific, valued at $896 million, marking end of eight-year involvement. Cathay Pacific shares gain 4.2% following announcement. Qatar Airways sale reflects disciplined portfolio management, while Cathay Pacifics chairman emphasizes confidence in the groups future. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.