TNAG-2549-FCO40-3724-Hong-Kong-Cathay-Pacific-Airways-1992 — Page 14

July 1992

NSID

Sir Adrian Swire

Thank you for your letter of 15 July about the purchase by CNAC and China Travel Service of a 10% stake

in Cathay Pacific Airways.

I

It was good of you to give me the background. agree with you that this is an important development which is good news for Cathay Pacific and for Hong Kong.

The willingness of Chinese enterprises to take a major

stake in prominent companies like Cathay Pacific can only

help cooperation and mutual understanding.

I share your over suparation

hope that this transaction will also help other the Service Agreements separation front, As you know, I

continue to attach importance to resolving that problem.

it if important that we which a solution

ست.

resoury

SECRETARY OF STATE

MANAED