2006
The strategic partnership
Corporate
Aviation
The 2006 shareholder realignment aimed at strengthening ties between the key players in Hong Kong and the Chinese mainland’s aviation sectors. Air China and CNAC increased their aggregate shareholding in Cathay Pacific Airways, while Cathay Pacific increased its shareholding in Air China. The increased Mainland shareholding in Cathay cemented the airline’s strategic partnership with Air China and strengthened its position as Hong Kong’s flag carrier.