None of these reports has yet been substantiated by naming credible sources or confirmation from the involved parties, though it’s said Cathay Pacific will make an announcement soon.
Either one of these transactions (if true) would be great news but I’m a little doubtful when it comes to the sources as they don’t come from well known publications, at least internationally.
At first there is the report from Corporation China (see here) that says Air China would purchase Hong Kong based Cathay Pacific.
Cathay Pacific returns to China after 71 years!
A source at Cathay Pacific told Corporation China that Air China will acquire Cathay Pacific Airways
The Announcement will be only be released Tomorrow
Corporation China try to reach John Slosar, chairman of Cathay Pacific Airways for comment by was unable to.
The History of Cathay Pacific is that American Roy C Farrell and Australian Sydney H de Kantzow founded Cathay Pacific Airways on 24 September, 1946. Initially based in Shanghai, the two men eventually moved to Hong Kong and established the airline.
This report was dated 17th January and so far none of the big publications including the ones in Hong Kong picked up on it. There hasn’t been any reaction from Cathay Pacific either.
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