Air China considers increasing its stake in Cathay Pacific Airways for profitability.

Air China has been exploring the possibility of increasing its 30% stake in Cathay Pacific Airways, driven by its need to boost profitability, though no immediate plans are in place. The Chinese flagship airline is Cathay Pacific's second-largest shareholder, behind Swire Pacific Ltd with a 45% stake. Air China has consulted with financial advisers and gauged financing availability from lenders for a potential deal.

February 23, 2024
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