Cathay Pacific Backs Off Bid For Shares in China Eastern# ChinaStock - 证券中国
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Cathay Pacific Backs Off Bid For Shares in China Eastern
By BRUCE STANLEY
September 24, 2007 1:57 p.m.
HONG KONG -- In a surprise move, Cathay Pacific Airways Ltd. and the par
ent company of its Chinese affiliate backed off from a planned joint bid
for shares in China Eastern Airlines Corp., averting a showdown with Si
ngapore Airlines for control of the mainland's lucrative Shanghai gatewa
y and raising questions about the course China's booming aviation indust
ry will take from here.
Cathay Pa
By BRUCE STANLEY
September 24, 2007 1:57 p.m.
HONG KONG -- In a surprise move, Cathay Pacific Airways Ltd. and the par
ent company of its Chinese affiliate backed off from a planned joint bid
for shares in China Eastern Airlines Corp., averting a showdown with Si
ngapore Airlines for control of the mainland's lucrative Shanghai gatewa
y and raising questions about the course China's booming aviation indust
ry will take from here.
Cathay Pa