Race is on for a share of China's aviation market

Gavin Lipsith

1-Jul-2006

Cathay Pacific Airways' ambitious plan to acquire Dragonair (DFNI June 15) is not the first example of a company paying heavily for access to mainland China

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But the move highlights the increasing interest from overseas travel-related companies as infrastructure development in the country gathers pace. Earlier this year the Chinese government announced a Rmb140bn ($17.5bn) plan

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(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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(6-Jun-2006) - Trading in five related companies' shares have been suspended as the Hong Kong flag carrier prepares to make a statement in which it is expected to announce the takeover of Dragonair
(23-May-2007) - KCR tenders rail terminal outlets n King Power Group (Hong Kong) and Sky Connection to bid n New inflight contracts on Cathay Pacific, Dragonair, Oasis and Hong Kong Airlines