Cathay To Buy DHL Stake In Air Hong Kong
Credit: Jakkrit Prasertwit
Cathay Pacific has reached an agreement to buy DHL’s minority stake in cargo carrier Air Hong Kong, which would shift it from a joint venture to a full subsidiary of Cathay. Under an agreement, the buyout would take effect from Dec. 31, 2018, when the current joint venture is due to expire. Air Hong...
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