Cathay Pacific Airways reached a deal to buy out Hong Kong Dragon Airlines for $1.04 billion.
If they offered me that much, I would sell them anything they want, too. Well, almost anything.
Cathay now has much greater access to the booming market in mainland China. Cathay had lobbied unsuccessfully for to serve the lucrative Hong Kong-Shanghai route. No problem no more.
Dragon Airlines was Hong Kong's defacto carrier and will keep its own brand for six more years. It will also provide Cathay Pacific with more than 20 established routes to mainland cities from Hong Kong. Cathay Pacific had focused on long haul flights to the Americas, Europe and regional flights to Asia Pacific business centers.
Northwest, United, American Airlines - while you were sleeping, Cathay Pacific has sealed a tremendouse deal for themselves.
Chinese have money to burn and the world has never been more accessible to them.
How about you, where would you like to travel to?
go to 老毕看中国
Cathy buys Dragon, and the next day holiday routes to Taiwan are opened up to Dragon.
Any connection?
Posted by: adam P | June 15, 2006 6:20 PM | Permalink to Comment