HONG KONG, China (Reuters) -- Hong Kong's main airline, Cathay Pacific Airways Ltd., is expected to announce a takeover of China-focused rival Dragonair in a deal reported to be worth $1.3 billion, sources familiar with the matter said.
The long-anticipated buyout would make Cathay Asia's biggest carrier and provide it with the profitable routes to mainland China it has long sought.
http://edition.cnn.com/2006/BUSINESS...ragonair.reut/