Google Groups no longer supports new Usenet posts or subscriptions. Historical content remains viewable.
Dismiss
Channel News Asia: Hong Kong Carrier Cathay Pacific in Merger Talks with Air China
4 views
Skip to first unread message
flytra...@hotmail.com
Mar 16, 2005, 3:50:36 PM3/16/05
to
On March 16, 2005, Singapore-based Channel News Asia reported that Hong
Kong carrier Cathay Pacific is in talks on a merger deal with Air
China. The report mentioned that the deal will involve Air China
taking over Cathay Pacific in return for Cathay's British parent, Swire
Pacific, to take a large stake in the mainland carrier.
Kong carrier Cathay Pacific is in talks on a merger deal with Air
China. The report mentioned that the deal will involve Air China
taking over Cathay Pacific in return for Cathay's British parent, Swire
Pacific, to take a large stake in the mainland carrier.
The deal will also fold Dragonair, Hong Kong's second airline, into the
new company.
Read more details in
http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/137580/1/.html
In spite of the development, International Herald Tribune reported on
the 17th that Swire Pacific, which holds 46.5% in Cathay Pacific, has
ruled out relinquishing control of Cathay Pacific. Read more details
in
http://www.iht.com/articles/2005/03/16/news/cathay1.html
0 new messages