Cathay Pacific has always been a successful SWIRE company.
However, with the Chinese takeover in 1997 the Chinese government made offers to many companies “which could not be refused”.
That is why many , like HSBC, debanked to London.This is possible with movbeable assets. However, Cathay Pacific is not moveable so sold a sizeable chunk to the Chinese government, which I believe is now in the hands of Air China.
Thus any thought of the airline being taken over by western companies is pie in the sky.