Actually, with AC as the minority (but significant) shareholder the playbook now becomes obvious. The entire thing with CAAC was a set up. Bejing uses the whole shebang as an excuse to simply come in and grab the airline after it's done a bit of grabbing itself and fattened itself up a bit with some other deals.
True commie dooshbaggery at its finest. My hat's off to them.
Other biznesses should take note though. And I'm not sure Bejing knows what it's getting lol.