Through the wealth life

Chapter 423 Cathay Pacific Changes Owner
Just as Li Xuemei and Airbus Vice President Kendy Jesse were discussing the purchase of the aircraft, Cathay Pacific Airways held a press conference, and a consortium composed of several Chinese families acquired Swire AG at a price of 36 billion Hong Kong dollars. About 70% of the shares of Cathay Pacific Airways in his hand.

The completion of this acquisition means that Cathay Pacific Airways has completely become a Chinese-funded enterprise, and Cao Guangbiao, the proposer of this acquisition, is the chairman of Cathay Pacific Airways.

Under the circumstance that Li's consortium established a new airline company, some Chinese-funded groups headed by Cao Guangbiao made a strong acquisition of Cathay Pacific Airways, which aroused considerable interest from the Hong Kong media.

The decline of the British-funded consortium has caused more conflicts and conflicts among the Xiangjiang Chinese family due to interest disputes. The Xiangjiang media is looking forward to watching a big show this time, but they know that the Li's consortium has a lot of preparations.

These days, quite a few people from England, the United States, and Japan have come to report at Li’s Building. Some of them have been arranged outside Xiangjiang Aircraft Engineering Company, while others are waiting for the plane to be received. They are all Li. His consortium poached pilots at various regional airlines.

The current market of Xiangjiang is only so big, and most of the routes opened by Xiangjiang Airlines overlap with Cathay Pacific Airways. It is impossible for these two major airlines not to have conflicts in the future because of the problem of passenger sources.

At the press conference, a reporter from Oriental Daily asked: "Cao Sheng, what is the reason why so many of your families bought Cathay Pacific Airways with a huge sum of more than 50 billion Hong Kong dollars?"

Cao Guangbiao is very happy now. At first, he thought about building his own airline but was rejected by the Xiangjiang government, which made him very unwilling.This time, he was able to acquire Xiangjiang, a giant company, and serve as the chairman himself, which finally made him vent his anger.

Cao Guangbiao said with a smile: "Cathay Pacific Airways is an enterprise that serves the citizens of Xiangjiang and other regions, but the recent issues related to Cathay Pacific have deeply hurt the hearts of Xiangjiang citizens and seriously affected the image of Xiangjiang around the world. .We bought Cathay Pacific Airways from the British consortium this time, just to change these problems and improve the image of our Xiangjiang.”

The reporters didn't believe his words. They were very clear about why Cathay Pacific had these problems. If there was a slight problem, the media group under Li's company could magnify it countless times.If it weren't for the media under Li's group staring at Cathay Pacific every day, where would such a thing happen.

A reporter from Sing Tao Daily asked: "Cao Sheng, we all know that Xiangjiang Airlines under Li's company has been established, and Boeing has placed an order for aircraft. It is reported that two Boeing 747-200s will be received at the beginning of next month. At that time, Hong Kong Airlines will officially start operating, and how will you, Cathay Pacific Airways, prepare to deal with this?"

Cao Guangbiao is also very troubled these two days, although they already control Cathay Pacific Airways.And Xiangjiang Airlines doesn't even have a plane in place yet, but the routes obtained by Xiangjiang Airlines have far surpassed Cathay Pacific Airways.Moreover, Cathay Pacific Airlines has almost all the routes that Xiangjiang Airlines has. Facing the competition with Xiangjiang Airlines, Cao Guangbiao still has some worries in his heart.

Cao Guangbiao said confidently to the reporter: "We welcome Xiangjiang Airlines to join. Only by competing with each other can our airlines be able to better serve the citizens. Moreover, we and Xiangjiang Airlines are both Chinese-funded groups. I believe that There will be no malicious competition between us, and our two companies will only promote the common development of everyone.”

The Ta Kung Pao reporter asked: "Cao Sheng, we have received news that Xiangjiang Airlines has obtained government approval for routes to three mainland cities. As long as the mainland government approves, Xiangjiang Airlines can open these three routes. I wonder if you will take control of Cathay Pacific? , Is there any plan to open a mainland route?"

Although Ta Kung Pao asked this question, many reporters present did not think that the current Cathay Pacific Airways could obtain new routes, and there was considerable resistance.Looking at the current shareholders of Cathay Pacific, it is estimated that the Hong Kong Transport and Housing Bureau will reject their applications.

Even Xiangjiang Airlines has been locked in mainland routes. If Airbus hadn't wanted to sell the plane this time, the Xiangjiang government would still not approve it.Even Li Guangyu was like this, let alone the shareholders of Cathay Pacific Airline.

Cao Guangbiao said: "After we take over Cathay Pacific, we will learn more about the company's situation, and we will definitely apply to the Hong Kong government in the future. We also believe that the Hong Kong government will treat every airline fairly. Cathay Pacific will definitely get Approved for mainland routes.”

Cao Guangbiao knew very well that if Cathay Pacific wanted to get a new route, not only the Xiangjiang government would embarrass them, as Cathay Pacific's biggest rival, Hong Kong Airlines would definitely not want them to get the route easily.

But in the face of difficulties, he has to give it a try. The main purpose of buying Cathay Pacific Airways by himself and others is to strengthen the connection with the mainland.If they can't get a mainland route, it doesn't make much sense for them to hold Cathay Pacific Airways.

When Cao Guangbiao was being interviewed, Gan Qin also gave a detailed report to Li Guangyu on the sale of Swire.

The sale price of Cathay Pacific Airways is lower than when HSBC sold it. At that time, HSBC valued Cathay Pacific Airways at 60 billion Hong Kong dollars, but this time the valuation was more than 51 billion, and the valuation was directly less than 8 million Hong Kong dollars. .

This is the reason why Xiangjiang Airlines does not operate, otherwise, the longer the delay, the lower the shares of Cathay Pacific Airways will be.

What Li Guangyu didn't expect was that Bao Yugang would also join in the acquisition this time. It seems that Cao Guangbiao has a lot of energy.

As for the issue of Cathay Pacific Airways, Li Guangyu does not feel that they are too much of a threat. At least for the past ten years, they will not be a threat to Hong Kong Airlines. The Hong Kong Transport and Housing Bureau will definitely not approve many of their routes. of.

Li Guangyu said: "Ganqin, you inform Lei Jianbin's side so that he can start his operations. At the same time, he announced the recruitment in the name of Xiangjiang Airlines, and the focus is on the flight attendants. The management staff will be ready in two days." It will be in place, and strive to officially realize the company's maiden voyage in the middle of next month."

Since Du Yuemei, Peng Xiaoli, Gan Qinglin and Gu Zhengsheng have dug up a group of airline pilots in the local area, Xiangjiang Airlines does not lack this aspect. As long as the flight attendants are in place, after the handover of Boeing’s aircraft, Xiangjiang Airlines will be able to The flight is officially launched.

Gan Qin said: "Okay, Mr. Li, I'll go back and make arrangements later. In addition, on the side of Taikoo Co., Ltd., Wooden Shihuaiya proposed that the funds for this sale should no longer be invested in Taikoo Co., Ltd., and will be taken out Guo Lingming also agreed to his proposal to distribute dividends to shareholders, so we did not object."

Li Guangyu got what he could get from Taikoo Co., Ltd., but he was not interested in the rest. The dividends were good, and he could get back a lot of cash.

It seems that the Shi Huaiya family is not planning to vigorously manage Taikoo Co., Ltd., otherwise they will not use all the funds to distribute dividends. Today, the finances of Taikoo Co., Ltd. are not very good.

(End of this chapter)