tomlee1986
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- Feb 27, 2014
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CX brought the shares back earlier this yearNot possible. Considering all the airlines in China are government owned or majority owned.
The 3 big ones 100% and the smaller airlines owned often by one of the big 3.
Then during COVID, they made sure HK suffered on purpose to reduce their relevance and get more control, then took a share in CX too. Not majority owned yet, but they likely will eventually find a way to achieve this.
So as competition goes. I don't think China would allow a 3rd party non state owned entity to set up shop there.
Cathay completes buyback of the warrants from the Hong Kong SAR Government
Payment of nearly HK$4 billion to the Government for the warrants buyback and in preference share dividends
news.cathaypacific.com
BUT REAL HKers - those who support democracy would NEVER trust this airline again!! Sacking staff for anti government views in 2019 on their OWN social media in their OWN time, NOT in uniform representing the company!! I would be glad when CX goes Bankrupt!
Cathay denounced for firing Hong Kong staff after pressure from China | Hong Kong | The Guardian
City also sees separate rally against alleged sexual violence by police against participants in protest movement
amp.theguardian.com