Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Shenzhen Airlines denies procurement bid by Cathay Pacific
Adjust font size:

Since Hong Kong's Cathay Pacific Airways proclaimed its intentions to temporarily give up speculation together with Air China, the mainland's flagship carrier, to acquire China Eastern Airlines at the end of Sept., many reports have been released about Air China's other acquisitions. On Oct. 12, a news report quoted sources from the Center for Asian Pacific Aviation (CAPA) as saying that Cathay Pacific Airways is viewing Shenzhen Airlines as a potential speculation target.


The news report presented several reasons for the possible acquisition by Cathay Pacific: Firstly, the Chief Executive of Hong Kong Special Administrative Region, Donald Tsang, announced recently a series of measures aimed at closing the ties between HK and the Pearl River Delta, an area of 11,000 sq km that includes several thriving cities in Guangdong Province. These measures would help boost the air transportation in the Pan-Pearl River Delta; secondly, Cathay Pacific experienced a setback when buying a stake in China Eastern Airlines; thirdly, Cathay Pacific and Air China have cross-shareholdings, and meanwhile, Air China holds 25 percent share of Shenzhen Airlines. Finally, a railway line is expected to be built to link the two airports of Shenzhen and HK, causing exchanges between the two cities to become rather busier.


The Shanghai-based China Business News tried to confirm the news with Li Kun, president and vice chairman of the board of Shenzhen Airlines yesterday. He remained noncommittal and said that he hadn't heard anything. The newspaper then contacted Cathy Pacific for a response, but nobody answered the phone.


For more details, please read the full story in Chinese (


( October 17, 2007)


Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
Most Viewed >>
-China set to hit the brakes on rising yuan
-Power to resume shortly in worst-hit area by snow
-Macao's gaming market expands further
-Online operators are on top of the game
-Insurance firms set to stump up billions

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号