Swire Pacific increases ownership in Cathay Pacific, considers expanding Air China stake
Swire Pacific has invested USD12.1 million to buy an additional 5.05 million shares in Cathay Pacific, increasing its stake in the carrier from 73.0% to 73.1% on 11-Mar-2011. Swire Pacific Chairman Christopher Pratt has also announced that the company may increase its stake in Air China in the future. Swire has an 18.4% shareholding in Air China. Cathay Pacific shares were up 0.7% on Monday, while Air China shares gained 1%.
India’s Directorate General Civil Aviation reported the following Indian domestic traffic highlights in Feb-2011:
- Passenger numbers: 4.6 million, +18.5% year-on-year;
- Seat factor:
Selected APAD daily share price movements (% change): 21-Mar-2011