Qatar Airways

Qatar Airways will sell its stake in Hong Kong-based Cathay Pacific Airways in a share buyback valued at $896 million, the companies announced, ending the Qatari carrier's eight-year involvement with the airline. The announcement came late Wednesday in a stock market filing by Cathay Pacific, which saw its shares gain 4.2% on the Hong Kong Stock Exchange on Thursday. Under the agreement, Qatar Airways will sell all of its holdings, which represent 9.57% of Cathay Pacific stock. The airline's other major shareholders are Swire Pacific and Air China. The plan is subject to shareholder approval. The buy-back reflects our strong confidence in the future of the Cathay Group and underscores our commitment to the development of the Hong Kong international aviation hub," Cathay Group chairman Patrick Healy said in a statement announcing the sale. Qatar Airways, a state-owned airline flying out of the sprawling Hamad International Airport in Doha, did not acknowledge the sale itself. Howeve

Air India, IndiGo and others face rerouting and cancellations as airspace closures across West Asia after Iran's missile attack impact routes to Europe and North America

Demand from the Gulf has defied a global slowdown, with regional airlines reporting steady bookings even as trade tensions, currency swings and recession fears weigh on key Western markets

President Donald Trump and Qatar's Emir Sheikh Tamim bin Hamad Al-Thani witnessed the agreement at a signing ceremony in Doha

At 10.1% growth in 2024, it is only behind Qatar Airways, which grew 10.4%: OAG

He added the contract would be announced next month, declining to say whether it will be signed with Airbus, Boeing

Virgin Australia is the biggest domestic rival to Qantas Airways, which has ties with Dubai-based Emirates and an arrangement with Finnair to operate flights between Sydney, Bangkok and Singapore

The airline rankings methodology takes into account customer claims processed worldwide, as well as outside data tracking on-time arrival and departure performance for every plane

The stake sale also serves as a cornerstone investment ahead of an anticipated return of Virgin Australia into public ownership, the companies said

The stake sale also serves as a cornerstone investment ahead of an anticipated return of Virgin Australia into public ownership, the companies said

The airlines said that the restriction applies to checked and carry-on luggage, as well as cargo

The data analysis spans from May 1, 2023, to April 30, 2024, and includes 17,550 airport ratings that were collected by surveying passengers from 64 countries about their most recently used airports

Turbulence Aware was launched by IATA in 2018 to help airlines mitigate the impact of turbulence, the No. 1 cause of passenger and crew injuries in the air

Flight QR017, a Boeing 787 Dreamliner, landed shortly before 1 p.m. Dublin time (1200 GMT), the airport said

This raises govt concerns over undercutting Indian carriers' international plans

The animal centre will be built on a 5,260 sq m of land, and will have a capacity of 140 dog kennels and 40 cat kennels, and 24 horse stables distributed in four zones

Jayaraj Shanmugam has previously worked with renowned companies such as Singapore Airlines, Qatar Airways, and Jet Airways

Major airlines are in a race to procure new fuel-efficient widebody jets to keep operating costs down and to cater to booming international travel demand

Al Baker will be succeeded by Badr Mohammed Al Meer, currently chief operating officer of Hamad International Airport, the source familiar with the matter said

Qatar Airways said Thursday it earned a profit of USD 1.2 billion over the last fiscal year, boosted in part by the small Arabian Peninsula country's hosting of the 2022 FIFA World Cup. Qatar Airways, like other carriers in Gulf Arab nations, relies on the country's location to ferry passengers between the East and West. Its earned revenue of USD 20.9 billion over the year is up from USD 14.4 billion the year before. Those figures stand in contrast to the USD 4.1 billion loss it suffered in the 2021 fiscal year amid the coronavirus pandemic and the grounding of its fleet. Qatar Airways' profit of USD 1.2 billion is down slightly from USD 1.5 billion last fiscal year. Part of that came from a spike in operating expenses, particularly in jet fuels as energy prices rose after the grip of the pandemic loosened and air travel resumed. Qatar Airways received a USD 3 billion infusion from the government during the pandemic to keep it afloat. As the global travel industry continued its ..