Reborn Xiangjiang Tycoon Growth

Chapter 330 of Rebirth of Xiangjiang: Tycoon's Growth Text Volume: Cathay Pacific Airways has always been Bao Zixuan's character to do whatever he says. Now that he has found a target, it is time for him to take action. Now Bao Zixuan wants to do what he wants.

Bring the things. Even if it costs a little more, I won't hesitate. As a businessman, I may not be mature enough, but as a young man, I can't take that much into consideration.

In 1946, American Roy Farrell and Australian Sydney Dekantzow, two former Air Force pilots known for flying the "Hump" route over the Himalayas, planned to transport urgently needed cargo from Australia to post-war China.

Cathay Pacific Airways.

In 1948, Butterfield & Swire, Hong Kong's most important British trading house, acquired a 45% stake in Cathay Pacific, which was a joint venture between Australia and the United States at the time. Later, the routes south of Hong Kong were assigned to Cathay Pacific for operation, and the routes north of Hong Kong were operated by Cathay Pacific's local rival Hong Kong Airlines.

.Until 1958, Cathay Pacific acquired Hong Kong Airlines, officially dominating the local aviation industry and entering the Northeast Asian market.

1960: First international airline to fly to Osaka.

1976: The first Asian airline to launch a cargo service brand - Cathay Pacific Cargo.

In the 1980s, Cathay Pacific was 70% owned by Swire Pacific and 30% by HSBC.

1982: The first airline to fly direct from Hong Kong to Vancouver, setting a new world record.

1983: The first airline to fly direct from Hong Kong to London.

1983: The first Asian airline to offer first, business and economy class services on every flight.

In April 1986, Cathay Pacific Airways was listed on the Hong Kong Stock Exchange. Its initial offering was oversubscribed 56 times, and it was officially listed for trading on May 16.

In February 1987, Swire Group and HSBC sold 12.5% ​​of Cathay Pacific shares to Hong Kong's CITIC Group for HK$2.3 billion. CITIC became the third largest shareholder of Cathay Pacific, and Rong Zhijian and another CITIC executive joined the Cathay Pacific board of directors.

1990: First direct service between Hong Kong and Los Angeles.

On January 17, 1990, CITIC Group increased its shareholding to 38.3%, and Cathay Pacific obtained management rights.

1991: First to launch custom-designed stacked flight simulator.

In March 1994, Cathay Pacific acquired a 75% stake in Hong Kong-based Hua Min Airlines, which was mainly engaged in air transport business, for HK$200 million. Hua Min Airlines was once operated by Shun Tak Group. In the same year, Cathay Pacific completely changed its corporate image and changed its corporate image.

The original green and white color of the fuselage

The design of the strip was changed to a spread-wings logo. In July 1998, Kai Tak Airport was closed and aviation operations were relocated to the Hong Kong International Airport in Chek Lap Kok. Cathay Pacific also moved its headquarters to Cathay City in Tung Chung, next to the new airport. The plan

Spending US$625 million.

1998: Polarone, the first non-stop flight from Hong Kong to New York, celebrates the longest flight in the world.

In September 2001, the 9/11 incident occurred in the United States, which had an impact on Cathay Pacific. In the same year: it was the first to launch online check-in service.

In early 2003, Cathay Pacific was affected by the SARS epidemic in Hong Kong and nearby areas. Passengers dropped sharply and more than half of its flights had to be cancelled. Fortunately, it was fully restored soon after the SARS epidemic was brought under control.

In 2003, 2005, and 2009, Cathay Pacific was rated the world's best airline by skytrax. Its subsidiaries include Dragonair and Huamin Airlines.

On June 9, 2006, Cathay Pacific issued a statement stating that it had reached an agreement with other related companies on the acquisition of Dragonair. Cathay Pacific would fully pay HK$8.22 billion and issue new shares to other shareholders of Dragonair.

Acquired Dragonair. Used another 4.07 billion to increase holdings

Air China's equity increased from 10% to 20%. In addition, Air China purchased 10.16% of Cathay Pacific's equity for 5.39 billion, forming a mutual control relationship between Air China and Cathay Pacific and required to comply with the following four points: 1. Unless obtained

Swire has agreed in advance in writing that Chinese shareholders are not allowed to hold 40% of Cathay Pacific shares

The equity may be greater than the shareholding of Swire Pacific. 2. Unless with the prior written consent of each shareholder, the equity interests of CITIC Pacific and China Airlines shall not exceed 29.99%. 3. Cathay Pacific shareholders agree that if each shareholder holds 15% or more of the equity, the shareholder shall

Will not propose acquisitions from Cathay Pacific or accept acquisitions from third parties

, unless recommended by the Cathay Pacific Board of Directors. Fourth, maintain five managing directors nominated by Swire, and increase non-executive directors from three to four. After the transaction is completed, the shareholdings of Swire, CITIC Pacific, China Airlines, and AVIC Industrial are

40%,17.5%,10.16%,7.34%.

On August 31, 2006, Cathay Pacific took delivery of its 100th aircraft, which was an Airbus A330-300.

On September 28, 2006, Cathay Pacific Airways officially completed the acquisition of Dragonair, and thus officially replaced rb Airlines and became the largest airline in Asia. From December 1, 2006, it will fly to Beijing and Shanghai with Dragonair

Implement code sharing.

2007: First carbon offset scheme created.

2014: First airline to win Skytrax's "World's Best Airline" honors four times.

On March 27, 2019, Cathay Pacific announced that Cathay Pacific had spent HKD 4.9 billion to acquire 100% of the equity of Hong Kong Express, and Hong Kong Express would become a wholly-owned subsidiary of Cathay Pacific.

On August 12, 2020, Hong Kong Cathay Pacific Airways released its 2020 interim performance report. Cathay Pacific recorded an attributable loss of 9.865 billion yuan in the first half of the year, and a profit of 1.347 billion yuan in the same period of 2019.

Bao Zixuan knows all about the development history of the major airlines in the previous life. Even the first flight Bao Zixuan took last time was owned by them. But the most troublesome thing now is that Swire Pacific has absolute control over Cathay Pacific.

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But now Cathay Pacific is not a listed company. If the major shareholders don't buy it, it will be difficult to get the shares. The key now is HSBC. Another point is to start with Swire & Co. and directly become the major shareholder of Swire & Co. After joining the board of directors of Swire & Co., Ltd.

You can increase your investment in Cathay Pacific, and sooner or later it will definitely be in your pocket. But what Bao Zixuan doesn't know is that what he thought was easy is not so easy to do now.

While arranging for people to acquire Swire & Co.'s shares in the stock market, Bao Zixuan called Shen Bi. Now if he wanted to fight Swire & Co., he had to get the Cathay Pacific shares from HSBC, otherwise it would be really difficult.

Shen Bi, who received the call from Bao Zixuan, was in a meeting, and the main content of the meeting was about the direction in which Hong Kong's capital market will go after the rise of Chinese businessmen. HSBC, as a quasi-central bank, is the structure that determines the lifeline of Hong Kong's economy. In this unforgettable period, Bao Zixuan Being able to call him was unusual in itself.

Shen Bi had to end the meeting at this time and think about Bao Zixuan's purpose. Many things now cannot be determined by friendship. Moreover, he and Bao Zixuan don't have a deep friendship yet, so they can only decide based on the other party's purpose.

As the future manager of HSBC, Puves had access to confidential information. When he saw Shen Bi receiving the call, his face was a little solemn. He knew that Bao Zixuan's purpose of meeting was not simple, but he couldn't guess what the other party was thinking now.

Pu Weishi said: "Since Bao Zixuan had a conflict with someone at the airport, although there have been a lot of reports in the past few days, Heiyun and he did not have any overreaction. Why do I think of meeting you, Taipan, now?"

After Shen Bi heard Pu Weishi's words, he suddenly understood something. After all, not everyone can think like him to become the best executive at HSBC.

Shen Bi: "In the conflict at the airport, I think I should know what Bao Zixuan wants. He is a young man. Sometimes he does things based on his personal wishes and ideas without so much consideration. It seems that tonight's dinner is not so It’s simple and probably not very tasty.”

Puves is also a smart man, and now Bao Zixuan is not short of money. Then it must be for HSBC to acquire the shares of China Thai Airways, which is a company controlled by Swire Pacific.

Bao Zixuan actually wants to touch Swire Pacific's Cathay Pacific Airways. This is the most valued asset of the Swire family. Even HSBC cannot get involved. Bao Zixuan has taken action after all, but now he can't open a hole with HSBC. That would be really dangerous. It's hard to explain. After all, HSBC is a British bank, so there is no need to look at the faces of the Chinese. But even Shen Bi cannot get away easily if he offends the Schweizer family.