Strewth
Joyce’s comment that Jetstar Hong Kong is more Hong Kong than CX or KA is laughable. It is blatantly BS but he is trying to play to the vote of public opinion rather than the regulator here in Hong Kong. The regulator here won’t be swayed by QF’s
PR machine. Swire Pacific is a Hong Kong listed company. The management of Cathay is provided by John Swire & Sons (HK) Ltd which is owned by Swire Pacific. All decisions regarding the control of Cathay Pacific are made by management at Cathay City, 8 Scenic Rd, Hong Kong International Airport and at Pacific Place, Central, Hong Kong SAR.
And for the record of QF CEO Joyce who clearly has a deficiency in arithmetic, CX is about 70% locally owned according to the Hong Kong Stock Exchange. Jetstar HK when it was originally announced was 0% locally owned but they have since scrambled to get only 33% to justify their legitimacy.