Air China cashes out $170 million Cathay Pacific stake as a Qatar buyback reshapes the shareholder map

Air China is selling 108.1 million shares in Cathay Pacific Airways, trimming a small slice of its holding in the Hong Kong carrier in a deal worth HK$1.32 billion. Cathay Chief Executive Ronald Lam said the move was “only tactical” and that Air China would remain a long-term strategic shareholder. Reuters