Exclusive: Cathay Pacific’s brand merger hits roadblock from China’s aviation regulator – sources

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SYDNEY (Reuters) – China’s aviation regulator may make it difficult for Hong Kong’s Cathay Pacific Airways Ltd (0293.HK) to merge regional arm Cathay Dragon into its main brand because of infractions during last year’s pro-democracy protests, two sources said.

FILE PHOTO: A Cathay Dragon Airbus A330-300 plane descends before landing at Hong Kong Airport in Hong Kong, China April 4, 2018. REUTERS/Bobby Yip/File Photo

The airline is looking to cut costs, streamline marketing and consolidate pilot contracts around Cathay Pacific and low-cost arm HK Express, the sources said on condition of anonymity.

Rival Singapore Airlines Ltd (SIAL.SI

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U.S. firm, FAW to build sports cars under Chairman Mao’s favoured brand Hongqi

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FILE PHOTO: Supercar Hongqi S9 is presented at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany, Sept. 10, 2019. REUTERS/Wolfgang Rattay

BEIJING (Reuters) – A little-known U.S.-based engineering and design firm said it plans to invest 10 billion yuan ($1.41 billion) to make sports cars with China’s FAW Group under the brand of choice of late revolutionary leader Chairman Mao Zedong, Hongqi.

Silk EV on Monday told Reuters it has signed a memorandum of understanding with FAW to launch a joint venture in the state-owned automaker’s hometown of Changchun, northern China, to make cars it has dubbed the S-series.

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