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Air China buys 13% stake in Hong Kong's Cathay Pacific

Aug. 18, 2009 (China Knowledge) - Air China Ltd<601111><0753>, the flagship carrier of the country, plans to buy a 12.5% stake in Hong Kong's largest carrier, Cathay Pacific Airways Ltd<0293> for HK$6.3 billion from CITIC Pacific Ltd<0267>, the carrier said yesterday in a statement filed with the Shanghai Stock Exchange. After transaction, Air China's shareholding in the H

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