first_imgCathay PacificHong Kong AirlinesQatar AirwaysSabre Corporation Qatar Airways has announced its acquisition of 9.61% of Cathay Pacific, with the agreement to purchase an amount of 378,188,000 Cathay Pacific Airways Limited shares.Qatar Airways Group Chief Executive, His Excellency Mr Akbar Al Baker said, “Qatar Airways is very pleased to complete its financial investment in Cathay Pacific … a fellow oneworld member and … one of the strongest airlines in the world, respected throughout the industry and with massive potential for the future.”This investment further supports Qatar Airways investment strategy which already includes 20% investment in International Airlines Group, 10% investment in LATAM Airlines Group and 49% investment in Meridiana.”Meanwhile … Hong Kong Airlines has made a slightly smaller trade, announcing a multi-year agreement to purchase Sabre MIDT Network Plus data from provider, Sabre Corporation. The purchase is expected to be central in providing the airline with much-needed intelligence as they chart their expansion plans into North America. Following this first destination in continental United States, the airline hopes to further expand its network in North America and provide more travel options to its customers.Hong Kong Airlines will now have access to booking data from Sabre agents worldwide for all traveller origins and destinations where Hong Kong Airlines operates at least one segment of the traveller journey. The data also includes information on preceding and follow-on segments for those routes, which will help Hong Kong Airlines better understand passenger traffic patterns and design their network to meet market demand, provide passengers with increased choices and maximise revenues. last_img

Cathay PacificHong Kong AirlinesQatar AirwaysSabre

Leave a Reply

Your email address will not be published. Required fields are marked *