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David Fickling

Cathay Needs Less Swire, Not More

The airline's newest big shareholder should consider embracing China rather than fighting it.
Images of Cathay Pacific Airways Ltd. Aircraft Ahead Of Company's Strategic Direction Meeting
Anthony Kwan/Bloomberg

If Cathay Pacific Airways Ltd.'s newest major investor was looking to ingratiate himself with the carrier's controlling shareholders, he's going the right way about it.

The airline needs someone from the Swire family to "come out and lead the company for a while," the South China Morning Post quoted circuit-board tycoon Cheung Kwok-wing as saying in an interview published Monday. He'd be prepared to add to his 8.3 percent stake at HK$20 ($2.56) a share and expects the airline to return to health in six to 12 months, according to the newspaper.