Qatar Airways Buys Another Airline Stake - AirInsight
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Addison Schonland - November 6, 2017
Today it emerged that Qatar Airways has bought another stake in an airline. This time it spent $662m on a near 10% stake in Cathay Pacific. The move by the airline follows a pattern as the table illustrates. We can expect a move in India soon, too.
The green boxes are all members of the oneworld airline alliance. Qatar tried to get a stake in American and was rejected by its' CEO. American and the other two US network carriers are embroiled in a dispute with the ME3. So the winds were not in favor of this deal, though Qatar Airways' irascible CEO was willing to make the investment despite the dispute.
The Qatar investment in IAG has already proven to be very helpful. Qatar was able to send several A320s to London to help BA maintain its service during a recent labor dispute.
Qatar Airways is clearly focused on buying stakes in oneworld. Despite the regional problems with the UAE and Saudi Arabia, Qatar keeps building its airline. Investing in other reputable airlines is a smart move. Which is, perhaps, the mistake made by neighboring Etihad which bought stakes in weak airlines hoping to turn them around.
Looking at the members of oneworld, it could be the next stakes Qatar Airways acquires are in ...
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