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Cathay to obtain rival DragonairCathay to obtain rival Dragonair
15-Jun-2006
HONG KONG. Cathay Pacific has announced aggressive plans to expand in mainland China through acquiring rival Hong Kong carrier Dragonair and doubling its holding in Air China to 20%
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The HK$12.29bn ($1.58bn) plan will add 21 mainland China routes to Cathay's existing two serving Beijing and Xiamen.
The move, which Cathay expects will give it the biggest Chinese route
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