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Qatar Air buys 9.6% Cathay Pacific stake for HK$5.2b

Purchase would make the Doha-based company the third-largest shareholder in the HK flag carrier

Cathay is in the midst of the biggest corporate revamp in two decades to help revive earnings. It has announced job cuts and was in talks with pilots over compensation as it reported its worst half-year loss in at least two decades in the six months through June.


QATAR Airways agreed to acquire a stake in Cathay Pacific Airways, a deal that would help it gain a foothold in the world's second-biggest aviation market.

The Middle Eastern carrier will buy 9.6 per cent of Cathay from Hong Kong-based Kingboard Chemical Holdings Ltd and...

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