13-Jun-2006 11:06 AM
Changes in shareholding structure builds new aviation partnerships in greater china
Analysis
Hong Kong (CATHAY PACIFIC) - The boards of Air China, Cathay Pacific, China National Aviation Company (CNAC), CITIC Pacific and Swire Pacific today announced an agreement to realign their shareholding structures and create one of the world's strongest airline groupings. These far-reaching changes will also deliver significant benefits for the Chinese aviation industry and its customers, and strengthen the position of Beijing and Hong Kong as key hubs in the region.
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