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Big Deal?
- Source :
-
Aviation Week & Space Technology . 6/19/2006, Vol. 164 Issue 25, p41-42. 2p. 1 Color Photograph. - Publication Year :
- 2006
-
Abstract
- The article reports that the business deal among Cathay Pacific Airways Ltd., Dragonair, and Air China Corp. has helped in creating a powerful airline grouping. The carriers agreed on a new ownership structure, according to which Cathay Pacific Airways Ltd. will take over the outstanding shares of Dragonair. Under the agreement, Cathay Pacific Airways Ltd. also doubles its stake in Air China Corp. to 20%, while Air China Corp. gets a 17.5% share of Cathay Pacific Airways Ltd. The acquisition of Dragonair will enable Cathay Pacific Airways to become the largest airline group in Asia-Pacific operating to mainland China.
- Subjects :
- *AIRCRAFT industry
*CONTRACT negotiations
*COMMERCIAL aeronautics
Subjects
Details
- Language :
- English
- ISSN :
- 00052175
- Volume :
- 164
- Issue :
- 25
- Database :
- Academic Search Index
- Journal :
- Aviation Week & Space Technology
- Publication Type :
- Periodical
- Accession number :
- 21325261