与其买入国泰股份，国航现在应该在反弹中的国内市场加大竞争力度。

Rather than mopping up shares in Cathay, Air China should now be turning the screw in a rebounding domestic market.

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但世界上市价总值领先的三家航空公司却来自东亚或东南亚：中国航空公司，新加坡航空公司和中国南方航空股份有限公司。

But three of the world’s leading airlines by market capitalisation are from East or South-East Asia: Air China, Singapore Airlines and China Southern Airlines.

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另一方面，英国航空公司（BA）拥有伊比利亚10%的股份和对另外30%股份的优先取舍权，凭借这些，英国航空公司可以阻碍得克萨斯太平洋集团的收购，或者与之合作，或者索性自己自行收购。

British Airways (BA), which already owns 10% of Iberia and has right of first refusal on another 30%, could stymie progress, join forces with TPG, or mount a bid of its own.

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