Cathay Pacific has announced plans to buy back the 9.6% stake currently held by Qatar Airways for $896.5 million, pending shareholder approval. The deal marks a significant milestone in Cathay’s post-pandemic recovery and signals renewed confidence in Hong Kong’s international aviation hub.
Qatar Airways originally purchased the stake in 2017 for $662 million. According to Cathay Group chairman Patrick Healy, the buyback “reflects our strong confidence in the future of the Cathay Group.” The move follows a robust rebound in operations and profitability – Cathay reported a $476 million profit in the first half of 2025, its third consecutive profitable first half since the pandemic.
Cathay’s capacity has also surpassed pre-pandemic levels, with 12.4% more seats flown than in 2019, according to Cirium data. Despite selling its stake, Qatar Airways emphasized the decision was part of a broader investment optimization strategy and that the two airlines will continue their partnership through the Oneworld alliance.
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