UPDATE 1-Qatar Airways has full confidence in Cathay Pacific, eyes bigger stake [Reuters]
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Source: Reuters
UPDATE 1-Qatar Airways has full confidence in Cathay Pacific, eyes bigger stake - Reuters 3 Min Read * Not concerned about damage to Cathay brand after protests * Supports relationship between Cathay and Air China * Not interested in buying Malaysia Airlines or Air India (Adds more CEO comments) By Liz Lee KUALA LUMPUR, Aug 27 (Reuters) - Qatar Airways has full confidence in Cathay Pacific Airways Ltd and will increase its 10% stake in the Hong Kong carrier if it has any opportunity to do so, the Qatari airline’s chief executive said on Tuesday. Cathay has become the biggest corporate casualty of political unrest in Hong Kong after China demanded it suspend staff involved in, or who support, anti-government demonstrations. “Cathay Pacific is there to stay, and to expand and to serve the people of both Hong Kong and China, as Hong Kong is an integral part of mainland China,” Qatar Airways’ Chief Executive Akbar al-Baker said. “We have no concern about the brand, we have no concern on t
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