TNAG-0514-FCO40-579-Purchase-of-wide-bodied-aircraft-by-Cathy-Pacific-Airlines-1974 — Page 84

Mr Stuart

Mr Youde

RECEIVED IN

REGISTRY No. 51

- 7 FEB 1974

HKK 21/12.

4

기니

HONG KONG: CFA PURCHASE OF AIRCRAFT

1. DTI have confirmed that there is no Hong Kong Government equity in CFA. It is owned by Swires it is as majority shareholders (60%), Hong Kong & Shanghai Bank (25%) and BOAC (15%).

2. CRE2 were not consulted by their colleagues in Civil Aviation 2 and disagree with the line taken. CRE2 agree with our view that any decision to purchase wide bodied aircraft must be made by CPA on commercial grounds and that it is improper to try and bring in the Governor. They are putting this forcibly to CA2, and that the latter should not have taken action without consulting CRE2 and ourselves.

5 February 1974

n.

You spoke well.

1394/20 مکرود

MA Goodfellow Hong Kong & Indian Ocean Department

We understand from the DTI that M. Hasetting

has called an internal meeting

step.

interal meeting to discuss the next

Ma is anxious to exert

pressure on CPA I have said we agreed with the Govenor that

the best Adrian Swives, and that it was

move would be for

Or Heseltine to ser

was really no good

really

expecting the Haus Kos Coverment taste

for us,

to pick this

pathailtry as the jams are not

ona up