Air China is Cathay’s second-largest shareholder behind manager Swire Pacific Ltd with a 45% stake.
Based on its earnings, Velocity could be valued at around A$2 billion ($1.4 billion).
It was too early to say whether JAL would consider an equity investment in Malaysia Airlines but future discussions were possible, JAL President Yuj
AirAsia has ended an agreement with Gumin Company Ltd and Hai Au Aviation to set up a low-cost carrier.
Cathay said it intends to continue operating HK Express as a standalone carrier using a low-cost business model.
Cathay is not interested in Hong Kong Airlines because it has both similar routes and full-service positioning.
The airlines is closing in on selling a minority stake to a foreign strategic investor, with a deal likely to be sealed in the first half of this year
ST Engineering faces increased competition from jet and engine manufacturers in offering maintenance packages to airlines.
The financing represents a key test for the airline, which was taken over by Malaysian sovereign wealth fund Khazanah Nasional in December 2014.
IPOs & Markets
Juneyao Airlines and its controlling shareholder Juneyao Group are expected to own more than 5 percent stake in China Eastern
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