Cathay Flying Into Trouble?
Hong Kong government officials say that China National Aviation, a Chinese state-owned charter airline operator, could receive a license to begin scheduled services from Hong Kong early next year. That would be bad news for Cathay Pacific Airways, the colony's dominant carrier, whose shares fell 5.4% in the three days following the news.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.