| | Cathay Pacific Seals Dragonair Buy-Out (via CobWeb/3.1 planetlab2.isi.jhu.edu) (Site not responding. Last check: 2007-10-17) |
 | | The deal values Dragonair at roughly three times its book value, a sharp premium to other regional carriers, although analysts have said the attractiveness of Dragonair is the growth that can be achieved by merging into Cathay. |
 | | A Cathay takeover of Dragonair has long been seen as strategically compelling, but the complicated and interlocking shareholdings between the two, as well as political and regulatory hurdles, have stood in the way of a deal. |
 | | "Dragonair's long-term outlook was looking less rosy as more competition was coming into Hong Kong from the Chinese carriers, and they didn't really have the ability to leverage their marginal operations elsewhere in the region," said Richard Pinkham, a consultant with the Centre for Asia Pacific Aviation. |
| news.airwise.com.cob-web.org:8888 /story/view/1149842347.html (711 words) |