CNAC enters with Dragon

1996-06-01T00:00:00

Hong Kong's handover has come a year early for Dragonair. Yielding to Chinese pressure, Cathay Pacific and the Swire group have agreed to cut their holdings in Dragonair and allow China National Aviation Corporation (CNAC) to take control. Peter Sutch, Cathay's chairman, describes this as 'an accommodation of PRC aviation ...

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