23-Jun-2006 10:56 AM
Deal of the decade (cont) Air China to purchase remainder of CNAC
Analysis
Sydney (CENTRE FOR ASIA PACIFIC AVIATION) - Air China has moved quickly to answer one of the open-ended questions of the 08-Jun-06 ownership Restructuring Agreement: what is the future of CNAC? At issue was whether Air China was prepared to invest further to back the deal and the associated Operating Agreement for closer cooperation with Cathay Pacific. That it has done so provides strong support for the completion of the overall deal. CNAC could be delisted as early as 4Q06.
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