Travelling with CX really is a reminder of how much IAG’s strategy has been to lower the bar. Swire very deliberately sold a sizeable minority stake in CX to the Chinese state prior to the handover in ’97. CX Diamond and/or Ian in HK will be better informed than me on whether this would represent a blocking minority stake because I would question the willingness (or the need) of the Chinese to sell out to an outfit like IAG.
What is wrong, beyond the hubris and grand-standing tendency within the boardroom, in working to improve a business and grow it organically rather than expand only through takeovers? The latter is a very unfortunate “Anglo-American” corporate tendency.