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Cathay Pacific shares down 4.7pc after Qatar Airways buys stake

A passenger plane of Cathay Pacific Airways parks at the airport in Colomiers near Toulouse, France October 19, 2017. — Reuters pic
A passenger plane of Cathay Pacific Airways parks at the airport in Colomiers near Toulouse, France October 19, 2017. — Reuters pic

HONG KONG, Nov 6 — Shares of Cathay Pacific Airways dropped as much as 4.7 per cent today morning after Middle Eastern carrier Qatar Airways bought 9.6 per cent stake.

Hong Kong’s Kingboard Chemical Holdings today said it had agreed to sell its 9.6 per cent stake in Cathay Pacific Airways to Qatar Airways for HK$5.16 billion (RM2.8 billion). — Reuters

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