"Cathay Pacific is a fellow oneworld member and is one of the strongest airlines in the world, respected throughout the industry and with massive potential for the future", Al Baker said in a statement. It already has stakes in a number of airlines, including 20 per cent of British Airways owner International Airlines Group, 10 per cent of South America's largest carrier LATAM and 49 per cent of Italian airline Meridiana.
Qatar Airways has been seeking investments in other carriers but recently dropped a bid to buy into American Airlines, which snubbed its overtures.
The purchase, the first by the Middle Eastern airline in an Asian carrier, may help the Doha-based company gain a toehold in the region and get access to mainland China that is set to emerge as the world's biggest aviation market within a decade.
As for Qatar Airways' move for Cathay Pacific, Bloomberg News valued the deal - a purchase of a stake held by "Hong Kong-based Kingboard Chemical Holdings Ltd. and its associates" - at $662 million.
Cathay shares fell 3.9 percent by mid-morning in Hong Kong, to HK$12.68. "If both airlines can work together, it will definitely be good for Cathay".
The International Air Transport Association predicts passengers will almost double to 7.8 billion by 2036, and Asia Pacific will contribute more than half of the new additions.
Cathay Pacific is also part of the Oneworld alliance.
Earlier in 2017, Qatar had planned to buy into American Airlines, but the idea was dropped after the USA carrier expressed little enthusiasm for the deal.
In a Hong Kong stock exchange disclosure, Kingboard Chemicals says the group is primarily engaged in the manufacture and sale of products including chemicals, laminates, printed circuit boards, and that the Cathay shares are an investment.
A news reporter in the United States has been forced to defend herself against body-shamers in a viral post. Demetria Obilor who works at Channel 8 in Dallas in the U.S. was targeted by a viewer over her weight.
Ezekiel Elliott has 11 carries for 39 yards, and Williams has five catches for 105 yards in his best game of the season. How it happened: The Cowboys got on the board first, with a 6-yard Dak Prescott pas to Cole Beasley .
The two men were photographed exchanging fist bumps during a game of golf with Hideki Matsuyama , Japan's top player, on Sunday. Japan is the United States' staunchest ally in the region, and Trump has an increasingly close relationship with Abe.
They were identified as Nazim alias Umar, Ghazi Baba alias Muzammil, Mufti alias Faizan and Jakawan alias Ehteshyam alias Faizan. He is a resident of Azamgarh who was living in Saudi Arabia and was working to inspire and guide people from India into ISIS.
Bezos has been selling stock periodically over the last six years, typically amounting in the 900,000 to 1 million-share range. However, this time he did things slightly different, as for only the first time he sold over $1 billion worth of stock.
Duchene snapped a three-game point drought on Saturday, bringing him up to four goals and 10 points in 13 contests this season. At long last, the Duchene saga in Denver came to a close on Sunday night, ending more than 18 months of trade speculation.
He said they were taking bath near the confluence point to enjoy picnic during the weekend when the mishap took place. Local divers saved three children from drowning and were making efforts to trace the missing people.
Another goal would have eliminated the Crew, but they managed to hold out for the remainder of the match to scrape through. NOTES: The Red Bulls made one lineup change from the first game, inserting MF Gonzalo Veron in place of Sean Davis.
The heater is created to prevent the valve from freezing in cold temperatures, BMW spokesman Hector Arellano-Belloc said. Some of the models include the 128i series as well as the models that use the six-cylinder engines.
Even after Kejriwal became the chief minister in December 2013, he refused to use an official auto and preferred his old WagonR. Police said AAP officials have alleged in their complaint that he stole around 25 to 28 canopies from a porta cabin.
James Harden erupts for career-high 56 points
Harden made 19-of-25 field goal attempts, including 7-of-8 three-point attempts, and went 11-of-12 from the free throw line. In short, Harden's performance puts him in rare air when it comes to efficiency in a monster scoring performance.
Men could get pregnant and deliver babies 'tomorrow'
There have been headlines of men being pregnant before but until now they have been trans men who were born biologically female. Five babies have been successfully born to women who have undergone womb transplants in Sweden, according to The Telegraph .
West Ham vs Liverpool Match Preview
"It's not our decision but if Gareth Southgate had seen the last three games I think for sure he could have invited all three". A drastic improvement in Liverpool's away form would help Klopp's cause most of all.
Is Hardik Patel seeking 40 seats from Congress?
Talking about their demands, Patel said, "One main issue which is of reservation, we are still talking on that issue". There are also talks of Kapil Sibal or Ahmed Patel travelling to Gujarat to discuss the same with the Patidar leader.
Three killed as explosion rocks Enugu LG election
Speaking to journalists, he said, "Sadly and very unfortunately, I think we have gone back to the ancient days". DAILY POST reports that the party also swept all the councilorship positions announced so far.