Cathay Pacific Airways has bolstered its balance sheet by selling a stake in its maintenance offshoot by and selling and leasing back six Boeing 777-300ERs. The carrier has raised HK$1.9 billion by selling 12.45% of maintenance business Haeco to Swire Pacific, a conglomerate that holds major shareholdings in both companies. Cathay’s holding in Haeco will fall to 15% while Swire’s rises to 45.96%. Separately, lessor BOC Aviation will buy six still undelivered 777-300ERs from Cathay and lease ...
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