Air China to consult advisers for raising its stake in Cathay Pacific

Air China to consult advisers for raising its stake in Cathay Pacific

FILE PHOTO: A Chinese flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China February 8, 2024. REUTERS/Florence Lo/File Photo

Air China Ltd. has consulted with advisers in recent months on the possible merits of raising its nearly 30% stake in Cathay Pacific Airways Ltd., Bloomberg News reported on Friday, citing people familiar with the matter.