Published on
November 6, 2025
Cathay Pacific Airways, the main airline of Hong Kong, is preparing to buy back the 9.6 percent share that Qatar Airways gained in the airline in 2017. This transaction, which is worth about USD 896.5 million, is a big step for Cathay as it not only reclaims all its shares but also plans to consolidate its position in the global airline market. The planned repurchase has to be approved by the shareholders but when it is done, it will be a testament to Cathay Pacific’s robust recovery after the pandemic and its determination to maintain Hong Kong’s reputation as a key international air travel hub.
Details of the Buyback Agreement and Qatar Airways’ Investment Strategy
Qatar Airways purchased its stake in Cathay Pacific for USD 662 million nearly eight years ago, during a period when Cathay Pacific was grappling with financial challenges. The airline’s struggles were further exacerbated by the pandemic, political unrest in Hong Kong, and delayed recovery in the region. Despite these hurdles, Cathay has shown resilience, and now the airline is well-positioned for a return to profitability, making the buyback a strategically sound decision.
Qatar Airways has agreed to sell its stake at a price of USD 896.5 million, reflecting a 4% discount to Cathay Pacific’s last closing share price. This sale is part of Qatar Airways’ broader strategy to optimise its investment portfolio. After several years of strong financial performance, Qatar Airways has chosen to divest its holdings in Cathay Pacific, allowing the airline to focus on its long-term growth plans. Qatar Airways will continue to work closely with Cathay Pacific as part of the Oneworld alliance, maintaining their partnership while refocusing its investments elsewhere.
Impact on the Travel Industry and Travellers
For Cathay Pacific, the repurchase of its shares from Qatar Airways reflects its growing confidence in its recovery and future prospects. Cathay Group, which includes both Cathay Pacific and its low-cost carrier subsidiary HK Express, posted a profit of USD 476 million during the first half of 2025, marking its third consecutive profitable half-year period. This strong performance has been driven by a resurgence in flying activity and a robust demand for both international and domestic travel.
For travelers, Cathay Pacific’s move to buy back its shares indicates an upcoming period of growth and improvements in service offerings. As the airline regains control over its operations, it may look to further invest in its fleet, enhance passenger experiences, and increase frequencies on popular routes. Furthermore, the company’s commitment to Hong Kong’s aviation future is expected to support the city’s position as a major transit hub in Asia and globally.
This move is also positive for customers who rely on the Oneworld alliance, as Cathay Pacific and Qatar Airways will continue their cooperation within the network. Travelers can expect continued connectivity, seamless transfers, and reciprocal benefits for frequent flyers, ensuring their travel experience remains smooth and rewarding.
Qatar Airways’ Broader Investment Strategy
Qatar Airways has been an active investor in several international airlines, including stakes in Virgin Australia, LATAM, JSX, and Airlink. The sale of its stake in Cathay Pacific aligns with Qatar Airways’ proactive investment strategy, which aims to optimise its portfolio and redirect resources toward opportunities with higher returns and greater operational control.
Qatar Airways’ CEO, Badr Mohammed Al Meer, mentioned that the airline had seen a period of record profitability, making this an ideal time to liquidate the stake in Cathay Pacific. This decision is expected to provide Qatar Airways with the flexibility to pursue new investments and strategic partnerships that align with its long-term growth objectives.
For the broader aviation market, this transaction signals a shift in the investment landscape as airlines look to recalibrate their holdings and focus on markets that offer higher growth potential.
Looking Ahead: What This Means for Cathay Pacific and the Aviation Industry
As Cathay Pacific repurchases its stake, the airline is set to capitalise on its recovery and growth prospects. The pandemic may have set the airline back in the short term, but it has emerged stronger, with an expanding network and revitalised service offerings. This buyback decision allows Cathay to fully embrace its future without the need for external shareholder influence, giving it more freedom to innovate and invest in passenger services.
For travelers, Cathay’s renewed focus on Hong Kong as a global aviation hub bodes well for future travel experiences. Expect to see more competitive fares, improved service levels, and new route expansions in the coming months. As Hong Kong continues its recovery, Cathay Pacific is poised to offer even more choices for passengers flying both regionally and internationally.
A Positive Step for Cathay Pacific’s Future and Travellers
Cathay Pacific’s decision to buy back Qatar Airways’ 9.6% stake is a clear signal of the airline’s strategic intent to strengthen its position in the global travel market. This move comes after a strong recovery from the pandemic and highlights Cathay’s commitment to Hong Kong’s role as a major aviation hub. Travelers will benefit from enhanced services, more investment in fleet and infrastructure, and continued connectivity with Qatar Airways within the Oneworld alliance. This marks a positive chapter in Cathay Pacific’s journey and signals a promising future for the airline and its customers.
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