Qatar Airways is to buy 9.6% of troubled Hong Kong-based Cathay Pacific for an undisclosed fee. However, in a brief statement issued to announce the deal Qatar Airways chief executive Akbar Al-Baker said the Hong Kong carrier has “massive potential for the future”. It is the latest in a string of acquisitions of minority stakes by Qatar Airways. Boeing has even more bullish predictions, with 16,050 aircraft deliveries expected in Asia Pacific over the same period. Qatar Airways is not the only Gulf airline to have ventured into Asia in search of investment opportunities.

Source: Forbes November 06, 2017 12:56 UTC