Near-unanimous vote clears Cathay Pacific’s Qatar Airways buy-back for 24 Feb

Shareholders backed Cathay Pacific buy-back as all conditions for transaction are met.

Cathay Pacific Airways Limited shareholders have approved the airline’s off-market share buy-back involving Qatar Airways, according to the company’s announcement.

At the 12 February extraordinary general meeting, around 5.61 billion votes (99.9968%) were in favour, compared with exactly 177,000 votes (0.0032%) against.

The resolution required at least 75% approval from independent shareholders, Cathay Pacific said.

Qatar Airways and its concert parties, holding about 643.1 million shares, abstained from voting as required.

Of 6.08 billion eligible shares, all conditions for the buy-back have now been met, with completion expected on or around 24 February 2026.

Cathay Pacific said the buy-back is part of its plan to adjust its capital structure and manage its balance sheet as international travel recovers.