Cathay Pacific Airways yesterday announced two transactions designed to increase its liquidity: The divestment of a stake in Hong Kong Aircraft Engineering Co. and a sale-and-leaseback deal with BOC Aviation. CX will sell its 20.7 million shares in HAECO, or 12.5% of its holding, for approximately HK$1.9 billion ($245.3 million), or HK$91.83 per share, to Swire Pacific. The deal is subject to approval of CX's independent shareholders and would reduce its stake in the MRO provider to 15%. ...

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