Cathay Pacific to sell HAECO stake to Swire

Copyright Photo: Royal S. King.  Please click on photo for full view, information and other photos.

Copyright Photo: Royal S. King. Please click on photo for full view, information and other photos.

Cathay Pacific Airways (Hong Kong) will sell its HAECO stake to its largest shareholder, Swire Pacific, to raise cash. Cathay will also sell and lease-back six new Boeing 777-300 ERs on order to raise additional capital.

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