Cathay Pacific completes acquisition of Dragonair.

From: Kyodo News International (Tokyo, Japan) | Date: September 28, 2006 | Copyright information

Sep. 28--HONG KONG -- Hong Kong's Cathay Pacific Airways announced Thursday it has completed its acquisition of Dragon Airlines, which will retain its separate brand, market positioning and identity even while being part of the Cathay Pacific Group.

Cathay Pacific Chief Executive Philip Chen called the HK$8.2 billion ($1.05 billion) acquisition a "significant milestone in the development of aviation in Hong Kong." "This is an important day for both Cathay Pacific and Dra...

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