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Old Feb 27, 2023, 3:30 am
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Originally Posted by oldchinahand
Cathay Pacific is a British owned airline operating out of Hong Kong and operated by subsidiaries and of John Swire and Sons - a British owned conglomerate
Cathay Pacific Airways Ltd is incorporated and registered in Hong Kong. It operates under HK laws and is listed on the HK stock exchange.
Swire Pacific, a Hong Kong company listed on the HK stock exchange, owns 45%, Air China 30%, Government of Qatar 10%. Since the 2020 bailout, the HK government has two observers on CX board.
While John Swire & Sons limited control 51% of Swire Pacific, it is incorrect to say that Cathay Pacific is a British-owned airline.
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