Qatar Airways Keen to Increase Cathay Pacific Stake From 9.9% - Bloomberg

Qatar Airways Keen to Increase Cathay Pacific Stake From 9.9% - Bloomberg:

"Qatar Airways Ltd. is interested in raising its stake in Cathay Pacific Airways Ltd., provided the move doesn’t “disrupt” the holdings of the top two major investors, Swire Group and Air China Ltd., the Gulf carrier’s Chief Executive Officer Akbar Al Baker said.

The Doha-based airline, which announced buying almost 10 percent of Cathay in November in a bid to gain a foothold in East Asia, wants to bolster its strategic relations with the Hong Kong-based marquee carrier, Al Baker told Bloomberg Television’s Stephen Engle in an interview Thursday. Qatar Air currently owns 9.9 percent of Cathay, he said.

“What happens in the future, of course, I cannot say because the aviation industry is very fluid at times,” Al Baker said. “At the moment, we have no intention to go over the stated goal that we already have in mind. We will not go beyond 10 percent mark in Cathay for the time being.”"



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