Cathay buys Dragonair and takes lead in China

From: International Herald Tribune | Date: June 10, 2006| Author: | Copyright information

Donald Greenlees
International Herald Tribune
06-10-2006
Cathay Pacific Airways emerged Friday as the leading airline based outside mainland China to serve the booming Chinese aviation market with its announcement of a long heralded takeover of Dragonair, a small local competitor with lucrative routes to mainland cities.Cathay's purchase of Dragonair, formally known as Hong Kong Dragon Airlines, is the centerpiece of a complex series of transactions that also shuffles ownership of Cathay, based in Hong Kong, and Air China, the mainland's largest international airline. The deal forges an ...

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