10-Jun-2010 11:57 AM

Cathay Pacific increases equity ratio in Air China, interested in raising Air China stake

Cathay Pacific confirmed its has increased its equity ratio in Air China from 18.5% to 18.8% to further reduce the dilution effect from Air China’s issuance on the Hong Kong Stock Exchange (Finet.hk, 09-Jun-2010). Cathay increased its equity ratio in Air China last week, from 18.1% to 18.5%. Meanwhile Cathay added that in view of the strategic partnership between the two carriers, it remains interested in increasing its stake in Air China, "for the right price and at the right time". Air China holds a close to 30% stake in Cathay.