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Qatar Airways buys 9.6% stake in Cathay Pacific

Qatar Airways buys 9.6% stake in Cathay Pacific

Qatar Airways announced today it has bought a stake in Cathay Pacific, giving the Doha-based airline a toehold in the potentially lucrative Asian aviation market. The state-owned Gulf carrier said it had acquired a 9.6 per cent stake in Cathay, which would make it the third largest shareholder in the Hong-Kong based airline. Bloomberg News said the deal was worth USD 662 million. Qatar Airways group chief executive Akbar Al-Baker said in a company statement that Cathay was “one of the strongest airlines in the world”, adding it had “massive potential”. The acquisition comes during the ongoing political crisis in the Gulf, the worst to hit the region in years. Since June, Qatar has been isolated by neighbouring countries including Saudi Arabia and the United Arab Emirates.

As part of that dispute, Qatar Airways has been stopped from flying to Saudi Arabia and the UAE, previously popular destinations for the carrier. The deal with Cathay Pacific also comes after Qatar Airways halted a bid in August to buy a 10 per cent stake in American Airlines.

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Aviation

Egypt has signed an agreement with China to purchase J-10C fighter jets

Egypt has signed an agreement with China to purchase J-10C fighter jets

Egypt has become the second country, after Pakistan, to order China’s Chengdu J-10C “Vigorous Dragon” fighter jets, marking a significant shift in its military strategy.

The announcement, made during the inaugural Egypt International Air Show from September 3 to 5 at El Alamein International Airport, reveals Egypt’s intent to replace its aging fleet of U.S. F-16s.

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The J-10C, a highly capable 4.5-generation multi-role fighter jet, was showcased by China for the first time on African soil during the air show. It features advanced air-to-air and air-to-ground weaponry, making it a formidable alternative to Egypt’s current fleet.

Known for its air superiority missions, the J-10C has often been compared to the American F-16, which has been the backbone of the Egyptian Air Force since the 1980s.

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However, with Egypt’s F-16s now considered outdated against modern air defense systems, the decision to transition to the Chinese fighters underscores a major upgrade in Egypt’s combat capabilities.

This move not only signals Egypt’s intent to reduce its reliance on U.S. defense systems but also reflects a broader shift in its international alliances.

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Despite a long-standing defense relationship with the U.S., evidenced by a recent acquisition of C-130J Hercules transport aircraft through the U.S. Foreign Military Sales program, Egypt is clearly looking eastward.

The decision comes amid growing concerns over U.S. policies in the Middle East, including its stance on Israeli operations in Gaza, which may have influenced Cairo’s pivot to Chinese military technology.

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China’s increasing presence in the Middle East and North Africa is bolstered by such deals, as Beijing continues to expand its influence through military cooperation and economic partnerships, particularly in energy imports.

The Egypt International Air Show provided a platform for showcasing this growing military-industrial relationship.

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