Cathay's Sale of Dragonair Shares
Three months away from Hong Kong's handover to China, Cathay Pacific Airways, the colony's de facto flag carrier, has reported a HK$3.8-billion ($488-million) net profit for 1996, a 27.9% gain on its 1995 performance. However, the airline's operating profit rose just .6% to HK$3.79 billion ($486...
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