Bangkok--9 Jan--Centre for Asia Pacific Aviation
CNACG has strong momentum, with the ear of China Eastern shareholders and industry regulators;
CNACG likely to pitch very attractive offer, with Cathay Pacific and Air China expected to help fund acquisition;
CNACG likely to seek other airline stakes to boost market share and further its “super carrier” ambition;
China Eastern Board opposed to dealing with Air China, but has little clout;
Revised SIA bid remains to be seen;
CNACG is now in the driver’s seat.