Qatar Airways bows out of Cathay Pacific after eight years

By John Liu, CNN Hong Kong (CNN) — Qatar Airways will sell its stake in Cathay Pacific Airways for $896 million, ending its eight-year shareholding in Hong Kong’s flagship carrier. The Doha-based airline approached Cathay about selling its entire 9.6% holding, which Cathay will buy back at $1.4 per share – subject to the approval