Over the past several years we've seen Qatar Airways invest in several foreign airlines. This includes buying a 20% stake in IAG (the parent company of British Airways and Iberia), a 10% stake in LATAM, and a 49% stake in Meridiana. In June they also expressed interest in purchasing a stake in American Airlines, though…
Continue reading: Qatar Airways Buys A 9.61% Stake In Cathay Pacific
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In August, the chairman of Kingboard Chemical (which sell its Cathay's share to Qatar) said that the company will hold the share in long term, and expected that share price will double to hkd$20 in 2020. He further praised the service of Cathay, and told to the reporter that he always travel by Cathay with his family and be proud of it.
When you're as heavily under siege as Qatar is from Saudi and many of its other neighbours, seeking closer ties with powerful people is a sensible strategy.
As you mentioned, Cathay is part-owned by Air China, itself a government-owned entity.
Qatar now has a new friend to play with.
You tell in the article that the yields of Qatar Airways are terrible. On what information do you base this quote?