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Cathay Pacific denies British Airways takeover

Beijing, China - "These rumours are unfounded. We have no plans to buy BA"

Rumours that Cathay Pacific was interested in buying British Airways (BA) were denied after earlier this week BA experienced a 4.3% share hike. On Wednesday, market-place rumours started that Swire Pacific, a major Cathay Pacific stakeholder, could be contemplating a takeover bid for British Airways "These rumours are unfounded. We have no plans to buy British Airway", said a Cathay Pacific spokeswoman. While...

AVIONEWS - World Aeronautical Press Agency - 1095690
Rome, Italy, 10/24/2008 14:07
AVIONEWS - World Aeronautical Press Agency

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