Qatar Airways agrees to buy 9.6% stake in Cathay Pacific for $662m

Qatar Airways agrees to buy 9.6% stake in Cathay Pacific for $662m

A logo of Qatar Airways is seen at Hamad International Airport in Doha, Qatar June 12, 2017. REUTERS/Naseem Zeitoon

Qatar Airways Ltd. agreed to acquire a stake in Cathay Pacific Airways Ltd., a deal that would make it the third-largest shareholder in the premium carrier as Asia’s biggest international airline faces mounting competition from low-cost and mainland Chinese rivals.

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