oneworld

Qatar Airways promises passive role in Cathay buy

Qatar Airways says it would have liked to purchase a larger stake in Cathay Pacific, and that it has no plans to play an active role in the airlines that it invests in. "I look at the bigger picture. I believe in investing in airlines that will bring synergies to us in many ways. We see a lot of benefits in Qatar Airways investing in these very, very strong, robust, expanding airlines," CE Akbar Al Baker said. Al Baker pointed to other airline investments where the carrier has taken a passive role as a sign that it will not attempt to dictate Cathay's future. "We are a stakeholder in LATAM now already for a year, and a stakeholder in IAG for nearly 3 years. We have not made any attempts to influence any decisions that they are making. They are successful, long-established airlines and they don't need my interference or my advice," he adds. <br/>