CX suspends trading
 

CX requested the HK stock exchange this morning to halt all trading due to possible "price sensitive" transactions. What are they up to now?

Looks like Citic may be reassessing it's stake in Cathay. Rumour of course!

Looks like Air China will own 1/3rd of CX.:ooh:

Aug. 17 (Bloomberg) -- Air China Ltd., the world’s biggest carrier by market value, is set to increase its stake in Cathay Pacific Airways Ltd. by buying shares from Citic Pacific Ltd., according to three people familiar with the situation.
The transaction may be announced as early as tonight, according to one of the people, who declined to be identified before a public announcement.
All three companies suspended their shares from trading in Hong Kong today, pending price sensitive announcements. Air China and Citic Pacific both hold 17.5 percent stakes in Cathay Pacific, according to data compiled by Bloomberg.

I, for one, welcome our new Communist overlords!

Swire will also be buying a bit so not all 17.5% will go to Air China although the majority will be.

Better watch out CX Pilots...

Remember it will be an ACQUISITION not a MERGER with Air China Pilots.

Therefore watch out....they are coming for Seniority and Perks!!

Gliderboy:ok::ok::8

The day I fly using Air China procedures and standards is the day they fit ejection seats to CX aircraft.:eek:

I had come across an Air China pilot with expert voice. The way he talked really sounded like a Cathay pilot. Interesting!

What is hilarious is the fact that the guys who left Dragonair to fly for Air China (based out of Sydney) would have the last laugh.

They would be the most senior out of all this!!!!:)

Gliderboy

And for the record...

Air China uses total Airbus procedures not joint Boeing/Airbus dodgy FCOM's like CX/KA.

Gliderboy

Gliderboy,

No wonder. The flight was from Sydney!

Is that a paper merger?

No, that would be a mark to market negative equity partial full merger aquisition takeover hedged at 300 dracmas per managed fund bull market.
Or to translate from CX speak " would you like Vaseline with that pineapple ? "

just a good way to strategically change the business structure and prevent any other player from extracting cash from CX.

"The day I fly using Air China procedures and standards is the day they fit ejection seats to CX aircraft"

Really. Based upon your knowledge of . . . . . . ?

Based upon the guys I know flying for Air China.

...and by the way they aren't laughing.

CX Airbus SOPs are clumsy. The manuals are cut and pasted from Airbus documentation. What is frightening is all the background information left out.

At KA it gives one man, the loaned CX chief pilot, an inordinate amount of power in determining operational procedures without account.

It is my understanding CX do not do command training or checking on Beijing sectors because their SOPs are dysfunctional. One example of a most absurd and unprofessional syndrome. Yet KA has to apply these procedures in everyday China operations whilst CX is pragmatically aware of their limitations in such!

I've flown Air China wet leases. Was always an easy day out for me. Just bring your own food. I'd welcome Air China SOPs over CX..

And Then you sound like a lover scorned....

AFL

I guess I should be more specific. The problems with Air China are not their SOPs, it is a lack of adherence to them. This is second hand, I do not work for Air China and never have, but I do have it on pretty good account that the standard of adherence to the procedures is quite diverse. The other problem at Air China (and this is certainly not peculiar to them and the same could be said about CX) is the single pilot fast jet mentality that persists with the ex-mil pilots, who also tend to be in the left hand seat. Sure, the SOPs are fine, and so they should be as they are generic, but whether or not people actually follow them (and understand them) is another matter.