Heh - Cathay no longer has a shareholding in HAECO, CASL is BA/CI/UA, and PAPAS is SQ/CA. So oddly enough, far from CX having it all sewn up, they don't have a stake in any of the providers.
There may well be a case for another franchise to be awarded, but it doesn't say much about competence of HKA management that the franchise/ license requirements at HKIA appears to have come as a surprise to them