Hong Kong conglomerate Swire Pacific remains the largest shareholder in Cathay with a 45 per cent stake and Air China controls 29.99 per cent, while the remaining shares not owned by Qatar Airways are publicly traded.
Akbar Al Baker, Qatar Air's chief executive officer, said the tieup advances his investment strategy by securing a stake in "one of the strongest airlines in the world", while Cathay counterpart Rupert Hogg added that he's looking forward to a "continued constructive relationship" with the Gulf operator.
The transaction will be completed later on Monday, Qatar Airways said. At the same time the move reasserts the company's global ambitions 4 1/2 months after American Airlines rejected an investment bid.
Cathay Pacific has been suffering from intense competition and economic slowdown in China, both of which have been attributed to the carrier's HK$2.05 billion loss in the first half of the year, a dramatic decline when compared to the same time last year, which saw the carrier profit HK$353 million.
The stock closed 1.5% lower, while the broader market was flat.
Complicating matters is the stake already held by Air China, long regarded by investors as a possible purchaser for the whole of Cathay.
Amazon makes Fire TV Stick available in over 100 countries
The two are practically identical, as far as we can tell, in both design and features, apart from the US-only Alexa voice support. For many in Europe, streaming Amazon Prime is spotty unless the user has a Chromecast , set-top box, or TV that supports it.
Jags RB Leonard Fournette benched for Sunday's game
After Green gave a light shove to the shoulder of Ramsey, he responded with a two-hand shove that sent his opponent to the ground. Robinson sprained his left ankle during the second play against the Colts and has been slowed all week.
Completion of the transaction is expected to take place later today.
Qatar Airways Cargo, the world's third largest global cargo carrier, serves more than 60 exclusive freighter destinations worldwide via its Doha hub and also delivers freight to more than 150 key business and leisure destinations globally.
Cathay flew between Hong Kong and Qatar Airway's Doha hub as part of a codeshare arrangement between 2014 and 2016, when the route was axed "for commercial reasons".
Investment holding company Kingboard said it would recognise a gain of HK$800 million on the sale of its entire Cathay stake.
Both companies are members of the Oneworld alliance, as are British Airways, Latam and American, though that didn't stop the USA carrier's CEO Doug Parker from opposing the planned Qatari investment in his group.
In other Qatar Airways-related news, The Times of India reported that a Qatar Airways Doha-Bali flight was diverted to Chennai after an "intoxicated" Iranian woman used her sleeping husband's thumb to open his mobile phone - and discovered messages that she believed showed he was cheating on her.
Apps that use auto-renewable subscription pricing will soon be able to offer special introductory pricing for new customers. Users will have to add their cards to each device on which they plan to use Apple Pay Cash .
Jones got past Coleman and had a step on him heading into the end zone, but quarterback Matt Ryan's pass attempt was overthrown. Carolina running backs have only scored two of the team's six rushing touchdowns through week 9.
Essentially, piggybacking off of Disney's reach and scale could give Fox advantages that it would not have if it continues solo. The Rupert Murdoch-owned Fox broadcast and Fox Sports will remain as they are.
Without details on the phone, many OP fans are fretting about whether they should be setting aside the cash to order the phone. We're still waiting to find out how much the OnePlus 5T is going cost, and precisely what specs it will offer, however.
Thrasher has also banned alcohol at all registered student organization events during the indefinite suspension. They also cannot have any organized participation in homecoming activities, which are scheduled for next week.
He told reporters on Air Force One en route to Asia that North Korea would figure prominently in discussions during the trip. Earlier in the day, North Korea warned Donald Trump to refrain from any "irresponsible remarks", the France press reported.
Asked after Saturday's defeat if he still had West Ham's backing, Bilic told BT Sport: "It's hard for me to talk about that now". Salah stayed rather too high up the pitch, with he and Firmino playing into the hands of West Ham's three-man defence.
Former MLB Pitcher Roy Halladay killed in plane crash
In 2010, he pitched a no-hitter for the Phillies in Game 1 of the National League Division Series against the Cincinnati Reds. Roy Halladay of the Philadelphia Phillies pitches against the Pittsburgh Pirates on April 5, 2012 in Pittsburgh.
Panasonic Launches the Eluga A4 With a 5000 mAh Battery Pack
Since then, a number of devices have been launched, including the dual camera Eluga Ray 500 and the battery-centric Eluga Ray 700. It is available in Marine Blue, Champagne Gold and Mocha Gold color variants which are displayed in the following image.
Nadal's participation in Tour finals in the balance
Nadal started this season ranked No. 9 in the world, but a resurgent year-in which he has won the French Open and the U.S. Both players exchanged breaks early in the first set, but Nadal managed to carve out a 4-2 lead.
Deir Ezzor city declared fully liberated
The SDF control several oil and gas fields in eastern Syria, which they seized from IS militants this year. Deir Ezzor was also fully liberated on Friday, according to Syrian state media outlet SANA.