Cathay Pacific in talks with Air_China
Friday, March 18, 2005 at 03:11 JST
HONG KONG — Hong Kong's flagship airline Cathay Pacific has confirmed it is in talks with Air China over a range of strategic investments, which may include a possible takeover of its smaller rival Dragonair.
A statement issued Wednesday said Cathay Pacific and Air China entered into a memorandum of understanding last October, which envisaged a strategic investment by Cathay Pacific in Air China and future cooperation between them. (Kyodo News)
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