Qatar Airways to Sell Stake in Cathay Pacific
The Hong Kong-based carrier will buy back its shares for $896 million.
The Hong Kong-based carrier will buy back its shares for $896 million.
Hong Kong’s major airlines have moved about 80% of their aircraft out of the region as a powerful typhoon bears down on southern China.
Cathay Pacific will add to its U.S. operations next year with the introduction of five weekly nonstop flights beginning March 30, 2026.
Cathay Pacific is set to expand its operations in the United States later this year with more flights on a three-month-old route.
Cathay Pacific will continue “to look for new opportunities” in the U.S., Chief Customer and Commercial Officer Lavinia Lau told AirlineGeeks.
The Cathay Group announced on Thursday a significant expansion of its flight schedule between Hong Kong and mainland China.
Cathay Pacific will bolster service to Italy by resuming flight operations to Rome in June 2025, the carrier said Wednesday.
Cathay Group surpassed 100,000 passengers on December 15, 2024, marking a significant milestone in its post-pandemic recovery.
October brought strong traffic growth for Cathay Pacific, with increased demand for both passenger operations and cargo.
The Hong Kong-based airline says it will be operating 108 flights between Hong Kong and North America by May of next year.