Cathay Pacific***s parent rules out relinquishing stake in airline - update 1 (New Ratings)

LONDON, March 16 (newratings.com) Hong Kong-based Cathay Pacific's (CTY.FSE) parent company, Swire Pacific, Wednesday ruled out relinquishing control of the airline, while conforming that it was in talks with Air China regarding further cooperation in the Chinese aviation market.

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Posted March 16, 2005

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