Cathay Pacific Airways raised its stake in Air China from 17.5% to more than 18% through the Feb. 6 purchase of 15 million H shares, according to a statement released by the Hong Kong Stock Exchange last week. CA Board Secretary Huang Bin noted that Cathay may have want to avoid any dilution of its cross-shareholding in CA, as the latter plans to circulate 400 million additional A shares to raise funds for the acquisition of 54 aircraft (ATWOnline, Nov. 5, 2007). That purchase is awaiting ...

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