Air China yesterday offered HK$3.23 billion ($416 million) to increase its stake in Cathay Pacific Airways to 17.5% as part of a transaction that will privatize China National Aviation Co., which controls Air Macau and catering, maintenance and ground handling services. CNAC agreed to sell its stake in Dragonair last week as part of the deal in which Cathay is taking over its fellow Hong Kong airline. "For Air China, the privatization will bring the operating units of CNAC under our direct ...

Subscribe to Access this Entire Article

"Air China to increase stake in Cathay Pacific" 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?

Already registered? here.