Air Transport World

Air China.(Asia/Pacific Report)(securities)

Air China raised $1.06 billion in its IPO last month covering the sale of 2.8 billion shares, representing 31% of the airline, at HK$2.98 ($0.38) each. Cathay Pacific bought 905 million shares, or 32.3% of the offering, for HK$2.69 billion. Air China, which recently took over China Southwest Airlines and Zhejing Airlines under the country's consolidation policy, has a 35% share of China's 20 busiest routes and 51. …

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