Air China to pare stake in Cathay Pacific
January 07, 2026
Air China has agreed to sell 108 million shares of Cathay Pacific, or about 1.6% of total issued shares, for HK$1.32 billion ($170 million). The sale at HK$12.22 per share is expected to reduce Air China's shareholding to 27.11% from 28.72%. Cathay's share price was HK$12.74 at the time of writing. The profit before tax from the sale is estimated to be CNY182 million, states Air China in a 5 January disclosure to the Hong Kong Stock Exchange. The sale is expected to take place no later than 8 January, it adds. Despite the disposal, Air China highlights that it "remains an important strategic shareholder of Cathay Pacific and continues to be optimistic about Cathay Pacific's development prospects, and its support for Cathay Pacific remains unchanged". At the same time, Cathay Pacific had agreed to buy back Qatar Airways' entire 9.57% stake in the carrier, as previously reported. Following Qatar's disposal and buyback, Swire Pacific will increase its stake to 47.7% from 43.1%, while Air China will see its shareholding increase close to 30% from 27.1% after its own share disposal, states Cathay in a separate 6 January disclosure.
Hawaiian to upgrade A330 cabins
January 07, 2026
Hawaiian Airlines will refurbish the cabins of its Airbus A330 passenger jets from 2028. The long-haul aircraft will undergo a "full interior upgrade with new seats, carpets, lighting, first-class suites and a premium economy cabin", says the Alaska Air Group carrier, and will be equipped with Bluetooth-enabled in-flight entertainment and Starlink wi-fi systems. Fleet data shows that Hawaiian's 24 A330-200s are currently configured with 278 seats: 18 Optimares Maxima business-class seats and 260 Acro Superlight economy seats. Some of the economy seats are installed with additional legroom and marketed by the airline as "extra comfort". Hawaiian's Boeing 787-9s are fitted with 34 Ascent Elevate business seats and 266 Collins Aerospace Aspire economy seats. Again, a number of the economy seats offer increased legroom. In addition to the A330-200s and five 787-9s, Hawaiian has 19 717s, 18 A321neos and 10 A330-300 converted freighters. The freighters are being operated for Amazon Air. Hawaiian has another eight 787s on order (four -9s and four -10s), and holds options on a further four. The A330-200 refurbishment is part of a $600 million investment programme that also spans airport upgrades across Hawaii, as well as local community and sustainability projects. The airline says it will acquire three A330s that are coming off lease "to support the future of this fleet in its service across the Pacific". Half of the 24 passenger jets are owned by the airline. Air Lease, IAT Leasing, Jackson Square Aviation and Macquarie AirFinance each manage two of the aircraft, while AELF FlightService, Altavair, Aviator Capital and Doric each manage one. Altavair additionally manages all 10 A330-300 freighters in Hawaiian's fleet. The carrier's A330s were built in the 2009-18 period and have an average age of 12 years.
Boeing names new chief for its Australian division
January 06, 2026
Boeing has appointed Steve Roberton as its Australia, New Zealand and South Pacific president based out of Sydney. His appointment comes after Maria Fernandez retired from the role in October 2025. "Roberton will oversee Boeing Australia Holdings as its chairperson, lead strategic initiatives, expand partner collaborations and serve as the company's senior government liaison," states the US airframer. Roberton was a fighter pilot in the Australian Air Force for 26 years and retired in 2022. He subsequently took on a senior advisor role with McKinsey & Company for two years and started consulting for Boeing Defence Australia in June 2025.