-
The relationship between Air China and Cathay Pacific Airways appears to be growing even closer.
FORBES: Air China Leads Cathay Into Shanghai
-
But China is likely to be cautious in granting Cathay additional flights given opposition from home carriers including Shanghai-based China Eastern Airlines as the fragmented Chinese airline industry consolidates.
CNN: Cathay Pacific returns to China
-
China Airlines, Thai Airways, Cathay Pacific and Dragonair have all cancelled routes or reduced their frequency.
ECONOMIST: Getting better, or worse? | The
-
China Eastern Airlines rose 1.7%, Air China gained 1.9%, and Cathay Pacific Airways added 3.5%.
WSJ: Asian Shares Rise
-
Beijing-based Air China has a cross-shareholding agreement with Cathay Pacific.
FORBES: Air China Leads Cathay Into Shanghai
-
Cathay owns an 18.01% stake in Air China.
FORBES: Air China Leads Cathay Into Shanghai
-
Shinkong and China Life rely much more on first-year premiums than Cathay and, since the first-year premium is such a low-margin business, it means lower profits.
CNN: Another Lease on Life?
-
It handed its China routes to smaller rival Hong Kong Dragon Airlines Ltd, in which Cathay now has a 17.79 percent stake, under Hong Kong's "one carrier, one route" policy, which was recently relaxed.
CNN: Cathay Pacific returns to China