Cathay Pacific Airways Limited has announced plans to repurchase all of Qatar Airways‘ shareholding in the airline, marking a significant step in its ongoing strategy to consolidate ownership and reinforce its leadership in the Hong Kong aviation market. The buyback, valued at approximately HK$6.97 billion (US$891 million), represents 9.57% of Cathay’s total issued shares currently held by Qatar Airways.
According to a joint statement released by both carriers, Qatar Airways has agreed to enter into an undertaking in favor of Cathay for the execution of a buyback agreement. Once finalized, Cathay will reacquire all shares owned by Qatar Airways. However, the deal’s completion remains contingent upon the approval of Cathay’s independent shareholders during an upcoming Extraordinary General Meeting (EGM).
Cathay Group Chair Patrick Healy emphasized that the move signals the company’s strong confidence in its future prospects and its commitment to Hong Kong’s role as a global aviation hub. Healy highlighted that this buyback complements Cathay’s broader investment initiatives, which already exceed HK$100 billion, covering aircraft fleet expansion, cabin upgrades, new lounge products, and digital transformation projects.
Healy noted that the decision aligns with the airline’s long-term strategy to strengthen Hong Kong’s position as a world-class aviation center and to contribute to the economic growth of the Greater Bay Area. He also expressed appreciation to Qatar Airways for its years of support and reaffirmed Cathay’s intent to maintain a collaborative relationship through its mutual membership in the oneworld Alliance.
Qatar Airways, meanwhile, characterized the transaction as a reflection of its disciplined investment approach and portfolio optimization strategy. Group Chief Executive Officer Engr. Badr Mohammed Al-Meer said that following a period of record profitability, the airline is now focused on refining its global investment portfolio to sustain long-term growth and deliver lasting value to shareholders.
Despite divesting its stake in Cathay, Qatar Airways confirmed that Hong Kong remains a key market within its global network. The airline intends to continue serving the city through its existing flight operations and codeshare partnerships, ensuring that travelers continue to benefit from enhanced connectivity and seamless travel experiences.
Industry observers view Cathay’s decision as a strategic consolidation move aimed at streamlining its shareholder base while reinforcing financial flexibility ahead of future growth plans. The transaction, once approved, will not only reshape Cathay’s ownership structure but also signal its renewed focus on strengthening its brand, operations, and regional influence in Asia’s competitive aviation sector.