SInGAPORE_AIR
Posts: 11619
Joined: Mon Nov 13, 2000 4:06 am

Air China Wants Strategic Investor, SIA Likely

Mon Dec 24, 2001 6:21 pm

0814 [Dow Jones] Getting set to hold IPO next year, Air China planning to bring strategic investor on board; analysts say candidate investors would likely include Singapore Airlines (Singapore: SIAL.SI - news) and HK's Cathay Pacific (0293), among others. Air China should have some appeal, with entrenched position in China government, tourism valuable as traffic grows with WTO membership, 2008 Olympics, notes ING Barings' Philip Wickham, though timing unfortunate as so many foreign airlines conserving cash due to post-Sept. 11 industry slowdown. (WJK)
Anyone can fly, only the best Soar.
 
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RayChuang
Posts: 8037
Joined: Sat Jun 24, 2000 7:43 am

RE: Air China Wants Strategic Investor, SIA Likely

Mon Dec 24, 2001 11:21 pm

Actually, Air China does a lot of lucrative air cargo business. Maybe CA should look at buying 10-12 A340-600's, especially for their transpacific routes? It'll be great to see CA A346's at SFO.  Smile/happy/getting dizzy
 
Ciro
Posts: 639
Joined: Mon Aug 16, 1999 5:00 pm

RE: Air China Wants Strategic Investor, SIA Likely

Tue Dec 25, 2001 11:58 am

I think the timing is not very fortunate to announce purchase offerings. The airline stock market is quite devaluated and the major carriers are out of cash. Capitalized partners, willing to pump a lot of money in, will be hard to find in a near future. Let us see what is going to happen.
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