17% is simply
not a "majority shareholding",
Bagso, however you look at it. As at 1/2/2004, BA
actually own 19.5% of QANTAS shares, still an awful long way short of a majority and the control it would bring. (source: OneWorld website)
You also mentioned Cathay Pacific, if I remember correctly. The major shareholders in Cathay Pacific are the Swire Group(45.1%)and the CITIC Group(25.4%) - again as at 1/2/2004.(source: OneWorld website)
Ever heard the expression about stopping digging when you're standing in a hole? Just accept that you're wrong in this instance and let's move on, eh?
