Air China Ltd has no plans to take over Hong Kong's Cathay Paci...
), an independent director of the state-owned Chinese carrier told the South China Morning Post newspaper.
The Hong Kong airline has become the biggest corporate casualty of anti-government protests after China demanded it suspend staff involved in, or who support, demonstrations that have plunged the former British colony into a political crisis. Air China is Cathay’s second-largest shareholder, behind manager Swire Pacific Ltd with a 45% stake. Long-time Swire executive Patrick Healy was last week appointed as Slosar’s replacement.
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