Air China has sold 108.1 million Cathay Pacific shares—about 1.61%—for HK$1.32 billion (~US$170m), reducing its holding to roughly 27.11%. The carrier said its support for Cathay "remains unchanged" and Cathay expects the stake to rise to about 29.98% after a planned repurchase.
Discovered |
Briefing
The sale alters shareholder math: 108.1 million shares sold for HK$1.32bn (~US$170m) reduces Air China's direct stake to ~27.11%, while Swire Pacific remains the largest shareholder at 47.65%.
The shift is temporary in context of Cathay’s planned repurchase of Qatar Airways’ holding, which would push Air China’s stake back toward ~29.98% (see planned repurchase of Qatar Airways' 9.57% holding: https://hype.aero/?story=f786469c-d583-4697-9ed3-b1c37c14956e).
Both airlines frame the move as tactical and not a change in support, leaving near‑term governance unchanged even as Cathay continues its commercial recovery (see recent passenger traffic recovery: https://hype.aero/?story=bc1bcc5a-2680-411f-b29a-4c40ae1bdd73).
Reported By
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(TR) Air China Sells 1.6% Stake in Cathay Pacific for $170 Million • airnewstimes.com
Air China Trims Cathay Pacific Stake as China–Hong Kong Aviation Ties Strengthen • travelandtourworld.com
Air China Cashes Out HK$1.32 Billion Slice of Cathay Pacific • Aviation A2Z
Air China Sells Some Of Its Cathay Pacific Stake • Aviation Week
(DE) Air China sells stake in Cathay Pacific • aerotelegraph.com
FlightGlobal
• Alfred Chua