Air China has sold part of its stake in Cathay Pacific Airways for HK$1.32 billion (US$167 million), but the Hong Kong carrier’s CEO has said the move will not affect the mainland airline’s role as a strategic shareholder.
Cathay Group CEO Ronald Lam Siu-por said on Tuesday that the sale of a 1.6 per cent stake in the company was a “tactical” move, as he unveiled events marking the carrier’s 80th anniversary.
“I believe and understand that this is only tactical. Air China will remain our…
Air China’s HK$1.32 billion Cathay stake sale ‘tactical’, Hong Kong carrier CEO says
