CNAC buys stake in Lufthansa's HK catering unit

Air China-linked H-Share China National Aviation Co Ltd (CNAC) said it agreed to acquire a 16% stake in Hong Kong International Airport inflight caterer LSG Lufthansa Services Hong Kong for HK$89 million (US$11.41 million). CNAC affiliate Hong Kong International Air Catering Ltd will also take a 4.2% stake for HK$24.5 million. Air China has an interest (25%) in that caterer, too. CNAC said the acquisition gives it a piece of one of greater China's largest inflight caterers.