Cathay, Dragonair, Air China to cooperate

Cathay Pacific Airways and Air China Ltd are in talks to further strengthen their cooperation in various areas, the companies and their major stockholders said in a joint statement. “The discussions between Air China and Cathay Pacific about operational cooperation are designed to strengthen cooperation between them in various business and operational areas,” the parties said, without elaborating on specific areas where the two carriers are to expand ties.

Cathay Pacific currently holds a 10 percent stake in Air China.

The statement, which was issued along with major shareholders China National Aviation Co (CNAC), CITIC Pacific and Swire Pacific, said the ongoing discussions also cover the realignment of shareholdings in Cathay Pacific, Air China and Dragonair.