综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

  .contact us |.about us
News > Business News ...
Search:
    Advertisement
Cathay Pacific mum on China Eastern stake buy speculation
( 2003-11-25 14:16) (Agencies)

Cathay Pacific Airways Ltd. said Tuesday it has been exploring opportunities to expand into the China market, but stopped short of confirming a media report that it may buy a stake in China Eastern Airlines Corp. (CEA).

The Chinese language weekly Economic Observer said in an unsourced report Monday that Cathay Pacific is likely to become the second largest shareholder of China Eastern.

"We don't comment on market speculation," a Cathay Pacific spokeswoman said.

"We've been interested in the Chinese market and have been looking for opportunities to extend further cooperation with the Chinese aviation industry," she said, without specifying what form of business strategy Cathay Pacific would undertake to achieve that goal.

China Eastern Company Secretary Luo Zhuping said that the company had been in contact with Hong Kong's largest carrier to explore the possibility of a stake purchase.

"We were in talks with various parties before, including Cathay Pacific, but all talks stalled because of SARS," Luo said on Thursday.

He said no such talks have been revived since the severe acute respiratory syndrome outbreak, adding interest on the company's shares became subdued as the epidemic had pushed many Chinese airlines into red.

In the first half of this year, China Eastern reported a net loss of 1.25 billion yuan (US$1=CNY8.28) under Hong Kong accounting standards, its first loss since 1998.

In the third quarter to Sept. 30, the Shanghai-based airline posted a net profit of CNY228.3 million, up from CNY96.7 million a year earlier, under Chinese accounting standards.

Under an aviation restructuring plan announced by the Civil Aviation Administration of China last year, China Eastern Airlines, Yunnan Airlines and China Northwestern Air were merged to form China Eastern Air Holding Co., China Eastern's parent.

China Eastern Airlines earlier appointed Morgan Stanley as its adviser for these acquisitions, which it had planned to complete by the end of the year.

 
Close  
   
  Today's Top News   Top Business News
   
+5 Chinese students killed in Moscow fire
( 2003-11-25)
+Rules to protect genetic resources
( 2003-11-25)
+Expert: China capable of meeting grain needs
( 2003-11-25)
+Migrant pay action pledged
( 2003-11-25)
+Killings arouse anger at poor security
( 2003-11-25)
+Cathay Pacific mum on China Eastern stake buy speculation
( 2003-11-25)
+Microsoft moves to improve image in China
( 2003-11-25)
+China television makers face huge US duties
( 2003-11-25)
+HK's consumer prices fall for the 5th year
( 2003-11-25)
+CDMA wireless alliance gets more members
( 2003-11-25)
   
  Go to Another Section  
     
 
 
     
  Article Tools  
     
 
 
     
   
        .contact us |.about us
  Copyright By chinadaily.com.cn. All rights reserved  

      微山县| 鹰潭市| 肥西县| 集贤县| 江都市| 桐梓县| 岳阳市| 巴楚县| 慈利县| 鄂温| 龙海市| 中卫市| 周至县| 拉孜县| 抚顺市| 上杭县| 河北省| 临沭县| 祁阳县| 灵丘县| 汤阴县| 横山县| 永丰县| 类乌齐县| 阜新市| 华安县| 北辰区| 神木县| 库尔勒市| 兴城市| 靖西县| 昌宁县| 曲水县| 平遥县| 新余市| 松原市| 东乡县| 馆陶县| 齐河县| 基隆市| 常熟市|