Qatar Airways | Pakistan

State-owned Qatar Airways has decided to sell its entire stake in Cathay Pacific Airways for about $897 million (HK$6.97 billion), marking its complete exit from Hong Kong’s flagship airline after eight years. Cathay said late on Wednesday that the Doha-based carrier had approached it about selling its entire 9.7 per cent stake, and it would repurchase the shareholding through a buyback at HK$10.8374 per share, roughly a 4pc discount to its last closing share price. The Gulf carrier had bought the stake in November 2017, making it the third-largest shareholder in Cathay after Swire Pacific and Air China. Cathay is paying roughly a 35pc premium over the price Qatar Airways originally paid for the stake to buy it back. The Hong Kong carrier said it would fund the deal through internal resources and existing credit lines. “I don’t think there’s anything special to read into it [buying back from Qatar]. I think it’s more likely about Qatar Airways having their own cash needs,” said Kenny Ng Lai-yin, securities st...

Five Australian women who say they were pulled from a Qatar Airways flight by armed guards and strip-searched have won the right to sue the airline, after a court on Thursday overturned an earlier decision to throw out the case. Women on 10 Qatar Airways flights, including 13 Australians, were subjected to invasive examinations to see if they had recently given birth after a newborn baby was found abandoned at Doha’s Hamad Airport in October 2020. The incident made headlines around the world, sparked outrage in Australia and strained diplomatic ties with Qatar. A group of five women on a Sydney-bound flight launched legal proceedings in 2022 against Qatar Airways, the operator of Doha Airport Matar, and Qatar’s Civil Aviation Authority. They brought claims under the Montreal Convention, which covers airline liability, as well as negligence, assault and false imprisonment. The women sought damages for the impact on their mental health, including depression and post-traumatic stress disorder, stemming from the ...