Cathay Pacific: Repurchasing all shares held by Qatar Airways reflects strong confidence in future development

AASTOCKS
2025.11.06 00:34

Cathay Pacific (00293.HK) announced that it will sign a repurchase agreement with Qatar Airways to buy back all shares held by Qatar Airways, accounting for approximately 9.57% of the company's total issued shares, at a price of HKD 6.969 billion. However, the repurchase still requires approval from independent shareholders at a special general meeting.

Cathay Pacific Group Chairman Augustus Tang stated that this repurchase reflects the group's firm confidence in future development and demonstrates a strong commitment to the development of Hong Kong as an international aviation hub. Along with an investment of over HKD 100 billion in fleet, cabin, and lounge products, as well as digital leadership, the group aims to solidify Hong Kong's position as a world-class aviation hub and contribute to the prosperity of the Greater Bay Area.

Qatar Airways Group Chief Executive Akbar Al Baker stated that the agreement reflects Qatar Airways Group's strategy to actively optimize investments and lay the foundation for long-term development, looking forward to continuing cooperation with Cathay Pacific through the Oneworld alliance in the future

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