Asia

Air China to sell 1.61% stake in Cathay Pacific for US$170 million

As part of celebrations to ‌mark eight decades of operations, Lam announced the return of the airline’s iconic green-and-white livery on one of its Airbus A350 passenger jetliners and ‍a Boeing ‌747 used for cargo.

The classic colouring is widely known as the “lettuce leaf sandwich” and was introduced in the 1970s and used until the early 1990s.

“This will bring back a lot of fond memories among many Hong Kong people who have travelled with us,” Lam said.

The airline does not plan to add too many new destinations this year ‌but will increase the frequency on existing routes, he added.

Shares of Cathay Pacific, which have jumped more than 35 per cent over the past year, were down about 2 per cent on Tuesday.

The airline said last month it would appoint Swire Pacific Chairman Guy Bradley as its new chair in May, replacing Patrick Healy.

Cathay Pacific also said it expected strong second-half financial results, with its 2025 full-year earnings set to exceed the HK$9.89 billion profit reported in 2024.

Source: CNA

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