PPRuNe Forums - View Single Post - Qatar buys stake in Cathay
View Single Post
Old 6th Nov 2017, 05:26
  #19 (permalink)  
humbleppl
 
Join Date: Jul 2013
Location: Hong Kong
Posts: 19
Likes: 0
Received 0 Likes on 0 Posts
From CX website:

"Statement regarding Cathay Pacific shareholding ownership

Qatar Airways Q.C.S.C. (‘Qatar Airways’) has announced today that it has acquired approximately 9.61 per cent stake in Cathay Pacific Airways Limited (‘Cathay Pacific’). Both Cathay Pacific and Qatar Airways collaborate together as members of the oneworld alliance.

Air China Limited and Swire Pacific Limited together continue to hold 74.99 per cent shares of the airline.

Commenting on the share acquisition, Cathay Pacific Chief Executive Officer, Rupert Hogg said, “Qatar Airways is one of the world’s premier airlines. We already work together closely as fellow members of the oneworld alliance and we look forward to a continued constructive relationship."

Doesn't look like CX was informed in any way... well, that's one thing, but how embarrassing is admitting to it so publicly through such terrible press release. Who is responsible for that and what is his/ her profession in real life? What a company...
humbleppl is offline