Cathay Pacific's acquisition of Dragonair and its routes into mainland China appeared imminent yesterday as trading in the Hong Kong-listed shares of Cathay, Air China, China National Aviation Co., CITIC Pacific and Swire Pacific was suspended for a third consecutive day, according to press reports. CITIC MD Henry Fan told reporters he expected an official announcement to come by today. Cathay already holds 17.8% of Dragonair and reportedly will pay approximately HK$8 billion ($1 billion) in ...

Subscribe to Access this Entire Article

"Cathay acquisition of Dragonair reportedly imminent" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.