Cathay Pacific Goes Shopping in China

Cathay Pacific Airways reached a deal to buy out Hong Kong Dragon Airlines for $1.04 billion.

If they offered me that much, I would sell them anything they want, too. Well, almost anything.

Cathay now has much greater access to the booming market in mainland China. Cathay had lobbied unsuccessfully for to serve the lucrative Hong Kong-Shanghai route. No problem no more.

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