Appears that CX is raising funds in SNG to pay down debt, improve the balance sheet
and improve its ratios to elicit a better market valuation via the share price !!
Now Air China Holdings will
increase its ownership of CX so it actually becomes a Chinese company instead of pretending to be one ......
Cx cannot afford to buy KA
as the flag carrier would cost too much
!!! Probably the other way round as suggested previously.....
Still, should be fun watching from the sidelines