18-Aug-2009 3:55 PM
Air China-Cathay Pacific move to shake up Star Alliance and oneworld
Analysis
Air China, Cathay Pacific, CITIC Pacific and Swire Pacific have announced two transactions to realign their shareholdings in Cathay Pacific. The changes are aimed at "strengthening the existing relationship between Air China and Cathay Pacific and serve to further boost the position of Beijing and Hong Kong as key aviation hubs in the region". But the move will have significant longer term ramifications for the global airline alliances landscape in the Asia Pacific region.
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