Cathay Pacific’s Crisis Puts Spotlight on Air China’s Next Move

(Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next.China’s crackdown on Cathay Pacific Airways Ltd. has raised questions about the government’s insider at the carrier: Air China Ltd.State-run Air China has quietly owned almost 30% of Cathay for more than a decade, giving the national flag carrier a ringside view of the Hong Kong airline’s worldwide operations. Restrictions imposed on Cathay by China’s aviation re