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Air China Cashes Out HK$1.32 Billion Slice of Cathay Pacific
HONG KONG- Air China (CA) completed a partial divestment of its holding in Cathay Pacific Airways (CX), a move described by the Hong Kong carrier’s leadership as tactical rather than strategic. The sale, valued at HK$1.32 billion, has prompted market reaction but no shift in long-term shareholder alignment, according to Cathay’s management.
The transaction involves Cathay Pacific Airways, headquartered in Hong Kong, and reflects portfolio-level decision-making by its mainland partner rather than a change in governance or cooperation. Cathay Group CEO Ronald Lam said the airline continues to regard Air China as a core strategic shareholder despite the reduction in equity.
Cathay Pacific: Plans to Conduct Off-Market Share Repurchase
Gelonghui, January 6 | In an announcement on the Hong Kong Stock Exchange on the morning of January 6, Cathay Pacific Airways proposed to conduct an off-market share repurchase. As of January 5, 2026 (after trading hours): Air China has informed the company that it has entered into a share placement agreement to sell 108,080,000 shares, and the sale is expected to be completed prior to the convening of an extraordinary general meeting of shareholders; Air China and the company have also signed an amended and restated deed to revise and restate the irrevocable commitment previously signed by Air China in favor of the company, reflecting Air China’s shareholding after the completion of the sale. Upon the completion of the sale and the share repurchase, assuming no other changes to the issued shares of the company, (i) Swire Group’s shareholding will increase from approximately 43.09% as of the date of this announcement to approximately 47.65%; and (ii) Air China’s shareholding will increase from approximately 27.11% (the shareholding percentage after the completion of the sale) to approximately 29.98%.
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