{"id":137262,"date":"2017-11-06T11:24:57","date_gmt":"2017-11-06T11:24:57","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=137262"},"modified":"2017-11-06T11:24:57","modified_gmt":"2017-11-06T11:24:57","slug":"air-china-says-views-qatar-airways-buy-into-cathay-pacific-as-positive","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/air-china-says-views-qatar-airways-buy-into-cathay-pacific-as-positive\/","title":{"rendered":"Air China says views Qatar Airways buy into Cathay Pacific as positive"},"content":{"rendered":"<p>Air China on Monday said it viewed Qatar Airways&#8217; acquisition of a 9.61 percent stake in Cathay Pacific Airways Ltd &#8220;positively&#8221; and that it hoped the shareholders could work together to find synergies.<\/p>\n<p>Zhou Feng, board secretary of Air China which owns 29.99 percent of Cathay Pacific as part of a cross-shareholding, made the comments after Qatar announced it had bought the stake from Hong Kong&#8217;s Kingboard Chemical Holdings for HK$5.16 billion ($661.35 million). <\/p>\n<p>For Cathay, the Qatar stake will give it a third strategic shareholder behind Swire Pacific Ltd and Air China. <\/p>\n<p>&#8220;With respect to the three companies, we believe that while competition and cooperation both exist, it depends how the carriers maintain a balance,&#8221; Zhou said. <\/p>\n<p>&#8220;As long as the shareholders are more professional, they will understand strategy and the business better than non-professional shareholders.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Air China on Monday said it viewed Qatar Airways&#8217; acquisition of a 9.61 percent stake in Cathay Pacific Airways Ltd &#8220;positively&#8221; and that it hoped the shareholders could work together to find synergies. Zhou Feng, board secretary of Air China which owns 29.99 percent of Cathay Pacific as part of a cross-shareholding, made the comments after Qatar announced it had bought the stake from Hong Kong&#8217;s Kingboard Chemical Holdings for HK$5.16 billion ($661.35 million). For Cathay, the Qatar stake will give it a third strategic shareholder behind Swire Pacific Ltd and Air China. &#8220;With respect to the three companies, we [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[229],"tags":[],"class_list":["post-137262","post","type-post","status-publish","format-standard","hentry","category-civil-aviation"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/137262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=137262"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/137262\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=137262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=137262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=137262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}