Commercial Aircraft Sales

Cathay Monopoly Threatened

Cathay Pacific’s position as Hong Kong’s ‘flag carrier’ is being threatened following news that the state owned China National Aviation Corporation (CNAC) has applied to the Hong Kong government for an Air Operators’ Certificate (AOC).

The move has created uncertainty about Cathay’s future after the Chinese takeover of Hong Kong in 1997, uncertainty which some observers suggest is intended to lower the airline’s share value and force majority shareholder, the British Swire Group, to hand greater control to Chinese interests. Cathay’s share price fell by 6% shortly after CNAC revealed its plans. Interestingly, Chinese companies already own 22.5% of Cathay including 5% by CNAC. CNAC also has a historical interest in the affair as it was China’s principal flag carrier before the 1949 communist revolution.

This content is available exclusively to Australian Aviation members.

Login

Become a Member

To continue reading the rest of this article, please login.

Username or Email

Password Forgot password?

Keep me signed in on this device.

If you check this box before you log in, you won’t have to log back into the website next time you return, even if you close your browser and come back later.

If you check the box above before you log in, you won’t have to log back into the website next time you return, even if you close your browser and come back later.

---

or

---

Login with a Passkey

To unlock all Australian Aviation magazine content and again unlimited access to our daily news and features, become a member today!
A monthly membership is only $5.99 or save with our annual plans.

PRINT

$49.95 for 1 year Become a Member

See benefits

• Australian Aviation quarterly print & digital magazines
• Access to In Focus reports every month on our website

MOST POPULAR

PRINT + DIGITAL

$99.95 for 1 year Become a Member

$179.95 for 2 years Become a Member

See benefits

• Unlimited access to all Australian Aviation digital content
• Access to the Australian Aviation app
• Australian Aviation quarterly print & digital magazines
• Access to In Focus reports every month on our website
• Access to our Behind the Lens photo galleries and other exclusive content
• Daily news updates via our email bulletin

DIGITAL

$5.99 Monthly Become a Member

$59.95 Annual Become a Member

See benefits

• Unlimited access to all Australian Aviation digital content
• Access to the Australian Aviation app
• Australian Aviation quarterly print & digital magazines
• Access to In Focus reports every month on our website
• Access to our Behind the Lens photo galleries and other exclusive content
• Daily news updates via our email bulletin

View more offers and details