The airline is acquiring 378,188,000 shares of Cathay Pacific held by Kingboard Chemical, Kingboard Investments and Kingboard Laminates.
Earlier in 2017, Qatar had planned to buy into American Airlines, but the idea was dropped after the U.S. carrier expressed little enthusiasm for the deal.
Qatar Airways and Cathay are both members of the oneworld alliance, as is British Airways and LATAM. While the airlines are partners in the Oneworld alliance, Qatar Airways' move came as a surprise since American had publicly opposed the growth of Middle Eastern airlines in the U.S., saying they've benefited from US$50 billion in illegal aid. Officials at Qatar Airways and Cathay Pacific couldn't immediately be reached for comment outside regular business hours. The two carriers codeshared on each other's services between the two cities, with Cathay also placing its CX airline code on Qatar-operated services beyond Doha to points in Europe, the Middle East and South America and Qatar adding its QR airline code on selected Cathay-operated flights to Australia, Japan, New Zealand and South Korea.
BMW issues recall for fire risk in 1 million cars
It'll be more than a month before repairs start, but BMW encourages owners to keep their cars outside until then. The investigation found out that parked vehicles caught fire despite being turned off.
Cathay is in the midst of the biggest corporate revamp in two decades to help revive earnings after getting squeezed between Middle Eastern carriers such as Emirates Airline and Etihad Airways PJSC on the premium end of travel, and low-priced and mainland Chinese rivals at the other. Cathay is 45 percent owned by Hong Kong conglomerate Swire Pacific. It has announced job cuts and was in talks with pilots over compensation.
Cathay Pacific chief executive Rupert Hogg described Qatar as "one of the world's premier airlines". The sale price is a 3.4% premium to Cathay Pacific's closing price of HK$13.20 on Friday.
Kingboard, an investment holding company, said it would recognise a gain of HK$800 million on the sale which represented its entire stake in the Hong Kong airline.
Qatar would be the third-largest shareholder in Cathay Pacific once the transaction is completed. Kingboard began building its stake last December, calling Cathay a "good investment opportunity".
All of West Ham's injury concerns come from their defence, with Winston Reid, James Collins and Jose Fonte all out injured. They did all their scoring in the second half on goals from Sturridge, Roberto Firmino and Georginio Wijnaldum .
The quarterback injured his knee on a non-contact play during practice, which makes the injury even more unfortunate. Schefter notes that Watson did not complain of the injury, nor did he seek treatment for it after the game ended.
After Romo suffered a back injury in the preseason a year ago , Dak Prescott took the reins and led the Cowboys to a 13-3 record. An emotional Romo commented on the tribute in the booth to kick off the broadcast on CBS.
Beutel Goodman & Co Ltd decreased Cdn Natl Railway (NYSE:CNI) stake by 23,050 shares to 6.14 million valued at $497.91M in 2017Q2. A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock.
Since June 1, 2017, it had 0 buys, and 1 sale for $3.66 million activity. 69,300 shares were sold by PARKER MARK G , worth $3.66M. Several other hedge funds and other institutional investors also recently made changes to their positions in the company.
James Harden caught fire today, scoring a career-high 56 points to lead the Houston Rockets to a 137-110 win over the Utah Jazz . Harden got his 56 points on just 25 shots (he made 19) and added 13 assists.
NSIEC had said that it moved the sensitive and non-sensitive materials to the councils' headquarters by 9pm on Friday. A former governor of Enugu State and chieftain of the APC, Sullivan Chime, called for the cancellation of the polls.
Adams picked off a ball meant for tight end Austin Hooper and returned it 40 yards to set up a go-ahead Panthers touchdown. The Falcons were able to capitalize on the first fumble by Stewart with a touchdown eight plays later.
Winston then held up his hand and pretended to lick an invisible sauce off of his fingertips. "I'm gonna eat a W tonight, Kwon". After Lattimore and Bucs quarterback Jameis Winston got into it near the sideline, Evans ran over and flattened Lattimore.
Michael Wayne Marin, 35 of Montrose, was initially injured in the incident and taken to a hospital, where he died. There were three officers involved in the incident, they all have been placed on routine administrative leave.
You could do it tomorrow . 'There would be additional challenges, but I don't see any obvious problem that would preclude it . However, transgender women would have to give birth via cesarean section, he said, because of the shape of the womb.
Toronto FC loses 1-0 to Red Bulls, advances on away goals
Toronto is in a great position to advance in the playoffs if it can avoid a lopsided loss at home in the second leg of the series. NY won the match 1-0 but Toronto advanced 2-2 on aggregate on away goals after winning the first leg 2-1.
Hang culprits to death in public: MP's rape victim
Reportedly, the police officials were not able to decide under the jurisdiction of which police station the crime had happened. Later, she reached the Railway Protection Force station and contacted her father, where he works as a RPF sub-inspector.
DR Horton Inc (DHI) EPS Estimated At $0.86
Capstone Asset Management Company increased Aptargroup Inc (NYSE:ATR) stake by 5,600 shares to 12,345 valued at $1.07M in 2017Q2. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by $0.02.
Pregame storylines heading into Bucs versus Saints
With the Bucs' first 2017 matchup with the Saints just hours away, a few intriguing storylines have been developing. Before leaving the game, Tampa Bay's entire bench walked onto the field to see Gholston leave.