INDEX / DIRECTORY / CATHAY PACIFIC / MILITARY

Cathay Pacific MILITARY

MILITARY AUDIT UPDATED 2026-11-01
Military Score 0.00 /10 D Cathay Pacific - Complicity Index 277
Military 0.00

Evidence-only forensic audit. Scoring happens downstream - see the main dossier for the composite assessment.

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Direct Defence Contracting & Procurement

No public evidence identified of any Cathay Pacific or Cathay Pacific Cargo contract, tender, or memorandum of understanding with the Israeli Ministry of Defense (IMOD), the IDF, the Israel Prison Service, or the Israel Border Police 1. A targeted search cross-referencing Cathay Pacific against Elbit Systems, IAI, Rafael, IMOD, and SIBAT returned zero co-occurring results, with all hits confined to generic Israeli defence-export or trade-show material such as SIBAT pavilion materials for Eurosatory, DSEI, and the Paris Air Show, none of which named Cathay 1. No listing for Cathay Pacific was found in Israeli defence-export directories or SIBAT materials reviewed 1. A follow-up search specifically targeting Cathay Pacific against SIBAT’s Israel Defense Export Directory confirmed this absence again, surfacing only SIBAT’s own institutional pages and PDF directory editions (2013–14, 2015–16, 2018–19), none naming Cathay Pacific.

Dual-Use Products & Tactical Variants

Cathay Pacific is a commercial passenger and cargo airline and does not manufacture aircraft, components, or weapons systems, and no search results linked the company to component or sub-system supply for Elbit Systems, Israel Aerospace Industries, Rafael, or IMI/Elbit Land 1. No public evidence identified of Cathay producing or distributing dual-use hardware or tactical product variants of the kind associated with defence-sector suppliers.

Heavy Machinery, Construction & Infrastructure

No public evidence identified of Cathay Pacific involvement in heavy machinery, construction, or infrastructure activity relevant to defence or military installations; the company’s disclosed subsidiaries are confined to aviation-adjacent services such as cargo terminal operation, ground handling, catering, and tour/travel services rather than construction or heavy-equipment manufacturing 2.

Supply Chain Integration with Defence Primes

No public evidence identified that Cathay Pacific or Cathay Pacific Cargo serves as a logistics, parts, or freight-forwarding node for Elbit Systems, Israel Aerospace Industries, Rafael, or other defence primes 1. Comparator reporting documents other carriers performing this function - Challenge Airlines was asked by Israel’s Ministry of Defense to prioritise cargo with the IDF as end-user, routed via freight-forwarder JAS Freight Forwarding and consisting of Teledyne RP-87 exploding bridge-wire detonators destined for IDF contractor PLASAN - but Cathay Pacific is not named anywhere in that reporting 3. Separately, United Airlines has been documented carrying Foreign Military Sales-labelled cargo from Lockheed Martin and Elbit Systems’ U.S. branch on passenger flights to Tel Aviv between July 2025 and February 2026, with reporting explicitly stating United is the only airline named and Cathay Pacific is not mentioned 4. A dedicated search for “Cathay Pacific Cargo Israel military weapons shipment” returned no Cathay-specific results; all substantive hits again concerned United Airlines (via the same Intercept reporting) and unrelated third-party shipping incidents, with one additional Cathay-specific hit confirming only that the airline suspended Middle East flights amid the June 2026 Iran-Israel strikes, not any arms-cargo finding 5, 6.

No evidence was found connecting HAECO (Hong Kong), HAECO Americas, or the HAECO Special Services successor entity now owned by VSE Corporation to Israeli military, IDF, IMOD, or Israeli defence-industry end-users; the one identified government-linked MRO contract within that corporate family is a purely U.S. Air Force/DoD sustainment contract with no Israel-specific dimension disclosed 7, 8.

Logistical Sustainment & Base Services

No public evidence identified that Cathay Pacific or Cathay Pacific Cargo has carried IDF, IMOD, or Foreign Military Sales-labelled cargo, or any arms-related freight, on passenger or dedicated freighter services to Israel 1. Cathay’s only identified Israel route is the civilian Hong Kong–Tel Aviv passenger corridor into Ben Gurion Airport, with no reporting of services to the West Bank, Golan Heights, East Jerusalem, or Negev military/defence installations 6. The route was originally launched following a 2016 announcement in which then-CEO Ivan Chu cited Israel’s “tremendous potential for business and leisure travel” and described Tel Aviv as a “culturally rich and technologically advanced business capital,” with no defence, military, or security content in the announcement 9.

Chronology of 2023–2025 Hong Kong–Tel Aviv suspensions

Updated research confirms this was a sequence of at least three distinct, dated suspension actions rather than a single event, resolving the examiner’s three-way premise (10–11 October 2023 / 22 October 2023 / 5 December 2023) by establishing that each date corresponds to a genuine, separate milestone in an escalating chronology:

  1. 9–10 October 2023 - initial, narrow flight-specific cancellations. On Monday 9 October 2023, Cathay Pacific announced it was cancelling specifically flight CX675 (Hong Kong→Tel Aviv) and CX676 (Tel Aviv→Hong Kong) for Tuesday 10 October 2023, stating its next scheduled service would resume Thursday 12 October 2023 10, 11. This is corroborated by Khaleej Times (published 9 Oct 2023, updated 10 Oct 2023) 12, Al Jazeera (published 10 Oct 2023, updated 12 Oct 2023) 5, and Caixin Global (published 11 Oct 2023), which independently reports Cathay “canceled its Tel Aviv flights scheduled for Tuesday and Thursday” 13. No source identifies 11 October 2023 itself as the date of a distinct Cathay-specific action; that date falls inside the Tuesday–Thursday gap period reported by all outlets, and the Caixin article dated 11 October is reporting on the already-announced 10/12 October cancellations rather than documenting a new event.
  2. 22 October 2023 - blanket suspension through year-end. Cathay Pacific’s own statement, quoted in contemporaneous reporting, confirms that “all Cathay Pacific flights between Hong Kong and Tel Aviv from today up to and including 31 December 2023” would be cancelled, announced Sunday 22 October 2023 14, 15, 16. This superseded the narrower flight-by-flight cancellations of 9–12 October with a full-route suspension through year-end.
  3. 5 December 2023 - first extension, into Q1 2024. Cathay Pacific announced a further extension: all flights to/from Tel Aviv “from today [5 December 2023] up to and including March 28, 2024” would be cancelled, with penalty-free rebooking/refunds offered for bookings through 31 March 2024 17, corroborated by a Business Traveller report of the same date (title/metadata only; direct fetch returned HTTP 403) 18 and an Air Cargo Week report (snippet only) 19.
  4. Further extensions beyond March 2024, through at least 2025. Search-snippet evidence (not independently fetched) indicates the suspension was repeatedly rolled forward again, with Globes reporting an extension “until March 2025” 20 - consistent with Cathay having suspended the route multiple times during the conflict period, from October 2023 through at least into 2025, and again amid the June 2026 Iran-Israel strikes 15, 16, 6.

Resolution: the existing audit’s prior statement citing 22 October 2023 as the suspension date 15, 16, 6 is confirmed as accurate for the full-route, through-year-end suspension milestone it describes. It is refined, not corrected, by the addition of the earlier 9–10 October 2023 narrow cancellations and the 5 December 2023 extension as further dated points in the same escalating sequence. All three candidate dates in the examiner’s question are independently verified as genuine, sequential events rather than competing candidates for a single action, and no evidence found of Cathay Pacific resuming the route in the gaps between these dates.

HAECO Americas, the AAR Corp acquisition, and government/military MRO scope

On 3 November 2025, AAR Corp. (NYSE: AIR) announced - via a press release filed as Exhibit 99.1 to a Form 8-K with SEC EDGAR - that it had completed the acquisition of HAECO Americas from “HAECO Group” for US$78 million in cash (subject to customary adjustments), covering heavy aircraft MRO and modification facilities in Greensboro, North Carolina, and Lake City, Florida, with over 1,600 employees 21. The release describes HAECO Americas’ scope exclusively in commercial-airline terms - “heavy aircraft maintenance, repair, overhaul (MRO), and modification services” for “leading commercial airlines” - and contains no statement linking the acquired business itself to government, military, or DOD work; the words “government” and “defense” appear only in generic descriptions of AAR Corp as a company, not of HAECO Americas 21. The release does not name Swire Pacific, HAECO’s Hong Kong parent, or Guy Bradley. A subsequent AAR Q2 FY2026 results release states AAR secured approximately $850 million in multi-year airframe heavy-maintenance contracts tied to the deal 22; AAR’s Form 10-Q for the quarter ended 30 November 2025 was identified but not independently fetched, so figures attributed to it (the $78m price and $3.0m transaction costs) rest on a search-snippet summary only 23.

HAECO Americas did, however, have a government/military MRO line of business historically, and it was carved out and sold years before the AAR transaction. HAECO Special Services, LLC - described by its acquirer’s own dated press release as “a leading provider of fully integrated MRO support solutions for military and government aircraft,” holding a U.S. Department of Defense subcontract to sustain the U.S. Air Force KC-10 fleet with contracted revenue visibility into 2025 and nearly 280 employees across two Greensboro hangars - was sold by HAECO Airframe Services, LLC (a division of HAECO Americas) to VSE Corporation (NASDAQ: VSEC) in an all-cash transaction dated 2 March 2021 7. A Jones Day deal-experience record corroborates this acquisition, naming the seller as “HAECO Airframe Services, LLC, a division of HAECO Americas,” though it does not itself name HAECO Group or Swire Pacific as ultimate parent 24. GovConWire and Virginia Business coverage of the same 2021 deal, and a NAVAIR Office of Small Business Programs page apparently still listing “HAECO Americas Special Services” as a government-aircraft MRO provider, each returned HTTP 403 on direct fetch and were not independently read; the NAVAIR listing, if current, is very likely a stale directory entry given the confirmed 2021 divestiture, but this could not be confirmed by direct read 25, 26, 27. An Aviation Week company-profile snippet on VSE Corporation similarly describes the acquired unit’s work as “scheduled depot maintenance, contract field deployment and unscheduled drop-in maintenance for USAF KC-10s” 28.

On the balance of the evidence gathered, the government/military MRO function within the HAECO Americas corporate family exited that family in March 2021 - roughly four years and eight months before AAR Corp’s November 2025 acquisition of the remainder of HAECO Americas - and no public evidence identified of the government/military line having re-entered HAECO Americas’ scope between the 2021 VSE sale and the 2025 AAR sale. HAECO Americas’ defence-adjacent activity under Swire Pacific ownership therefore appears to have effectively ended in March 2021, well before the audit’s constructive-notice trigger dates of the July 2024 ICJ Advisory Opinion and the November 2024 ICC arrest warrants, and the entity AAR Corp acquired in November 2025 is described, in every source reviewed, as a purely commercial MRO business 21, 7. This finding is bounded by the stated evidence gaps below and should not be read as an exhaustive negative.

Trade-press coverage of the AAR/HAECO Americas transaction (AviTrader, Aviation Week, Runway Girl Network) was identified but not independently fetched and is noted here as unverified secondary context only 29, 30, 31.

Munitions, Weapons Systems & Strategic Platforms

No public evidence identified of Cathay Pacific manufacturing, distributing, or being otherwise linked to munitions, weapons systems, or strategic military platforms; the company’s commercial scope is limited to passenger and cargo aviation and ancillary services 2, 1. The one government-linked military-platform-adjacent activity identified anywhere in the Swire Pacific/HAECO corporate family - USAF KC-10 depot maintenance, a sustainment rather than weapons-systems function - sat within HAECO Special Services, LLC, and was divested to VSE Corporation in March 2021, prior to the AAR Corp acquisition of HAECO Americas 7.

No public evidence identified of export-licence actions, embargo or sanctions enforcement, or litigation naming Cathay Pacific on defence-sector grounds 32. A search for Cathay Pacific in connection with arms embargoes, export licences, or Israeli military cargo returned no Cathay-specific results; substantive hits instead concerned Lufthansa Cargo’s December 2025 internal suspension (and later resumption) of military/security cargo to and from Tel Aviv, and UK government arms-licence suspensions of September 2024 covering roughly 30 of 350 licences, neither of which involved Cathay Pacific 33, 32. No court proceedings, OECD National Contact Point complaints, or judicial reviews naming Cathay Pacific in connection with Israel or Palestine were identified 32.

Civil Society Scrutiny & Documented Investigations

No public evidence identified of an organised boycott or divestment campaign against Cathay Pacific on defence-sector grounds; searches for a Cathay-specific BDS or divestment campaign tied to Israel or Gaza returned only general BDS-movement material targeting other companies, with no Cathay-specific target 32. A follow-up, independently run search this cycle corroborated this absence again: results were limited to general BDS-movement coverage spanning 2009–2025 naming other targets, with Cathay Pacific appearing only in incidental route-suspension news coverage rather than campaign material 34. A targeted search combining Cathay Pacific with Israel, military, OHCHR, Who Profits, and sanctions terms returned no results connecting the company to any NGO investigation, blacklist, or sanctions action 6. All Cathay-specific results concerned route suspensions and passenger refund disputes tied to regional conflict - the 2023 Israel-Hamas war route cancellations and 2026 Iran-related Middle East flight suspensions - rather than defence-sector complicity findings 15, 16, 35. The UN OHCHR database of businesses involved in Israeli settlement activity was previously confirmed via full-text scan to contain no Cathay Pacific entry, though the live OHCHR press-release page itself returned an HTTP 403 error on direct fetch and was not independently re-verified 36. A Wikipedia search-snippet check of HAECO’s own page confirmed its status as a Swire Group member but surfaced no Israel or military content of any kind 8. A direct attempt to query the Who Profits company database (whoprofits.org) for “cathay” returned an apparently unfiltered alphabetical listing rather than functioning search results, so this live-site query is inconclusive rather than a confirmed absence; the stronger evidence remains the prior deterministic full-text scan of the locally held NGO/UN report library (Al-Haq, Amnesty, BankTrack DBIO, HRW, KLP, PAX, UN A/HRC/59/23, OHCHR database snapshots, Who Profits’ own PDF reports), which found no Cathay Pacific mention 37, 36.

Controlling Principals and Group Attribution

Cathay Pacific’s board underwent a leadership transition in December 2025, with Patrick Healy confirmed as outgoing Chairman stepping down effective 13 May 2026 and retiring from the Swire Group on 31 May 2026, and Guy Bradley - concurrently Chairman of Swire Pacific Limited and a director of Cathay Pacific - appointed incoming Chair effective the same date, establishing a direct governance link between Swire Pacific and Cathay Pacific at chair level 16. Additional reported board changes include Ma Chongxian resigning as non-executive director and deputy chair effective 24 December 2025, with Liu Tiexiang appointed to the same role, and Martin James Murray set to join as non-executive director after the 2026 AGM, though these personnel claims rest on search-snippet summaries of HKEXnews filings whose underlying PDF text could not be extracted and remain unverified against primary filing text 6, 35, 38. No search conducted against named Cathay directors - including Patrick Healy, Ronald Lam, Guy Bradley, Bernard Chan, Lily Cheng, Christoph Mueller, or Wang Xiao Bin - identified any Israel, IDF, or defence-industry affiliation, though dedicated per-name searches against those terms were not completed within the available research budget 3, 38.

Update - Guy Bradley’s triple chairmanship now confirmed by a primary source. The prior audit flagged Guy Bradley’s premise-stated dual/triple role as “not independently re-verified… carried over from the examiner’s premise.” This has now been resolved: Swire Pacific Limited’s own corporate governance “Directors and Officers” page states directly that Guy Bradley “has been a Director of the Company and its Chairman since August 2021,” with his current term “commenc[ing] on 15th May 2025 and will expire at the conclusion of the Company’s 2028 annual general meeting,” and that “He is also Chairman of John Swire & Sons (H.K.) Limited, Swire Properties Limited, Cathay Pacific Airways Limited, Swire Coca-Cola Limited and Hong Kong Aircraft Engineering Company Limited [HAECO]” 39. This is a direct, dated, primary-source confirmation - not a search snippet - that one individual simultaneously chairs Swire Pacific, Cathay Pacific Airways, and HAECO, establishing direct governance integration across the group as of the fetch date (30 October 2026). The same page lists Bradley as a former Swire Pacific director (January 2015–May 2017), a member of the Hong Kong Chief Executive’s Council of Advisers, the Hong Kong-Europe Business Council, a General Committee member of the Hong Kong General Chamber of Commerce, special counsellor of Our Hong Kong Foundation, and Vice-President of the Real Estate Developers Association of Hong Kong 39. No Israel, defence, military, or settlement-related role or affiliation is listed for Guy Bradley anywhere on this primary governance page 39. A secondary SCMP article reporting on Bradley’s appointment as Cathay chairman and Healy’s retirement was identified but returned HTTP 403 on both direct fetch and archive.org retry, and was not independently read; its core claim is nonetheless independently corroborated by the primary Swire Pacific governance page 40.

The Swire Pacific–HAECO ownership chain traces, per secondary/search-snippet evidence, to a 2009–2010 transaction in which Cathay Pacific itself sold its direct equity stake in HAECO: Cathay Pacific “agreed to sell part of equity stake in Haeco” in September 2009 41, with a related secondary report describing the sale as a 15% stake 42. Following that sale, Swire’s direct HAECO stake is reported (snippet-sourced, unverified against a primary HKEX filing) to have risen from 45.96% to 60.96%, later reaching 75.85% after a 2010 mandatory general offer before being reduced to 74.99% to satisfy the Hong Kong Stock Exchange’s 25%-public-float rule; these figures are all [pre-2020] and historical background only 43. A separate, older secondary report (undated in the fetch, apparently 1990s-era per headline framing) refers to “Swire sells 6.48m shares HAECO,” indicating historical stake adjustments pre-dating the 2009–2010 transaction, though it was not independently fetched and its date could not be confirmed 44. A CAPA/Centre for Aviation MRO profile separately cites Swire Pacific as HAECO’s majority owner at a 61% stake, undated and not cross-verified against a primary filing 45.

Update - current Swire Pacific ownership of HAECO remains unresolved. Two further attempts to verify Swire Pacific’s present-day (2025–2026) percentage ownership of HAECO via primary sources were unsuccessful. A fetch of the Swire Pacific “At a Glance” (2025 Annual Report edition) PDF returned only unreadable compressed/binary stream data and metadata, not extractable text 46; a search-engine snippet summarising that same document’s content characterises the aviation division as including “the wholly-owned” HAECO group, but this “wholly-owned” characterisation comes from the search engine’s own summarisation, not from text this audit’s research independently read, and is flagged as unverified pending a readable primary source 46. A second attempted primary source - an HKEXnews PDF filing dated 12 March 2026, surfaced by search in connection with Swire Pacific/HAECO ownership - likewise returned only unreadable compressed binary content, so its filer, subject, and relevance could not be confirmed 47. A secondary trade-press lead on HAECO “privatisation” returned HTTP 404 and was not retrieved 48. Swire Pacific’s present-day HAECO ownership percentage therefore remains an open evidence gap, now carrying one additional unverified “wholly-owned” lead on top of the pre-existing historical figures.

Update - Swire Pacific and Air China searched by name, none found. Per the audit’s named-entity requirement, Swire Pacific Limited and Air China Limited were each individually searched against Israel/defence/settlement/sanctions terms. Swire Pacific - searched as "Swire Pacific" Israel defence OR settlement OR IDF OR sanctions - returned no Swire-Pacific-specific results in any Israel/defence/settlement/sanctions context; all 16 results concerned unrelated topics (other companies’ Israel-sanctions exposure, geopolitical sanctions reporting, Swiss arms-export reporting) 39. Air China - searched as "Air China" Israel defence sanctions OR military OR settlement - likewise returned no results naming Air China the airline in connection with Israel, defence, sanctions, or settlements; results instead concerned a historical (2005) US–Israel dispute over Israeli servicing of Chinese Harpy drone parts and general China–Israel defence-relations background 39. This resolves the prior gap flagging these two entities as “not independently searched by name.”

Cathay Pacific’s own published statement confirms that Air China Limited and Swire Pacific Limited together hold 74.99% of Cathay Pacific’s shares, with Qatar Airways holding approximately 9.61%, though the statement does not break out Swire Pacific’s and Air China’s individual stakes 49; a secondary source separately reports individual stakes of approximately 45.12% for Swire Pacific and 29.98% for Air China, which was not cross-verified against a primary Cathay or HKEX filing 15.

On the specific question of Swire Pacific group-level defence attribution via HAECO: the only identified defence/government-linked activity anywhere in the HAECO corporate family - HAECO Special Services’ USAF KC-10 depot-maintenance subcontract - was divested from the HAECO Americas perimeter to VSE Corporation in March 2021, and no public evidence identified of any government or military MRO work remaining within, or returning to, HAECO Americas’ scope between that 2021 divestiture and HAECO Group’s November 2025 sale of the remaining commercial business to AAR Corp 21, 24, 7. No Israel-specific nexus was identified in connection with HAECO, HAECO Americas, or the divested HAECO Special Services/VSE Corp successor entity at any point in the sources reviewed 7, 8.

Footnotes

  1. https://theintercept.com/2026/09/09/united-airlines-flights-israel-weapons-hardware-transport/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  2. https://www.cathaypacific.com/cx/en_HK/about-us/about-our-airline/subsidiaries-and-associates.html ↩ ↩2

  3. https://www.ontheditch.com/israeli-government-asked-airline/ ↩ ↩2

  4. https://theintercept.com/2026/09/09/united-airlines-flights-israel-weapons-hardware-transport/ ↩

  5. https://www.aljazeera.com/news/2023/10/10/which-airlines-paused-or-cancelled-flights-to-israel-after-hamas-attacks ↩ ↩2

  6. https://www.scmp.com/news/hong-kong/politics/article/3344987/hong-kong-issues-fresh-warning-against-travel-iran-amid-us-israeli-air-strikes ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  7. https://archive.citybuzz.co/article/653906/vse-corp-acquires-haeco-special-services ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  8. https://en.wikipedia.org/wiki/HAECO ↩ ↩2 ↩3

  9. https://www.algemeiner.com/2016/10/26/citing-israels-tremendous-potential-for-business-leisure-travel-top-asian-airline-announces-upcoming-launch-of-direct-hong-kong-tel-aviv-flights/ ↩

  10. https://www.thestandard.com.hk/news/article/209051/Cathay-Pacific-cancels-Tel-Aviv-flights-on-Tuesday-over-Hamas-attack-in-Israel ↩

  11. https://www.thestandard.com.hk/breaking-news/section/4/209051/Cathay-Pacific-cancels-Tel-Aviv-flights-on-Tuesday-over-Hamas-attack-in-Israel ↩

  12. https://www.khaleejtimes.com/business/aviation/israel-palestine-conflict-major-airlines-cancel-scores-of-flights-to-tel-aviv ↩

  13. https://www.caixinglobal.com/2023-10-11/chinese-airlines-cancel-flights-to-and-from-israel-amid-gaza-war-102115592.html ↩

  14. https://www.malaymail.com/news/money/2023/10/22/cathay-cancels-flights-between-hong-kong-and-tel-aviv/97793 ↩

  15. https://aviationa2z.com/index.php/2023/10/22/cathay-pacific-cancels-flights-to-israel-amid-the-war/ ↩ ↩2 ↩3 ↩4 ↩5

  16. https://news.cathaypacific.com/cathay-group-appoints-new-chair ↩ ↩2 ↩3 ↩4 ↩5

  17. https://www.ttgasia.com/2023/12/05/cathay-pacific-temporarily-suspends-tel-aviv-services/ ↩

  18. https://www.businesstraveller.com/business-travel/2023/12/05/cathay-pacific-suspends-israel-flights/ ↩

  19. https://www.aircargoweek.com/cathay-pacific-temporarily-suspends-tel-aviv-services/ ↩

  20. https://en.globes.co.il/en/article-1001484789 ↩

  21. https://www.sec.gov/Archives/edgar/data/1750/000110465925105556/tm2530099d1_ex99-1.htm ↩ ↩2 ↩3 ↩4

  22. https://www.streetinsider.com/PRNewswire/AAR+reports+second+quarter+fiscal+year+2026+results/25813154.html ↩

  23. https://www.sec.gov/Archives/edgar/data/1750/000110465926001420/air-20251130x10q.htm ↩

  24. https://jonesday.com/fr/practices/experience/2021/03/vse-corporation-acquires-haeco-special-services ↩ ↩2

  25. https://www.govconwire.com/articles/vse-buys-haeco-unit-to-expand-government-aircraft-support-portfolio-john-cuomo-quoted ↩

  26. https://virginiabusiness.com/alexandria-based-vse-corp-buys-biz-unit-from-n-c-company/ ↩

  27. https://www.navair.navy.mil/osbp/node/8731 ↩

  28. https://aviationweek.com/defense-space/vse-corporation ↩

  29. https://avitrader.com/2025/11/04/aar-doubles-down-on-mro-power-with-haeco-americas-acquisition/ ↩

  30. https://aviationweek.com/mro/aircraft-propulsion/aar-purchases-haeco-americas-expanding-its-maintenance-capacity ↩

  31. https://runwaygirlnetwork.com/2025/11/aar-acquires-haeco-americas/ ↩

  32. https://caat.org.uk/?p=9034 ↩ ↩2 ↩3 ↩4

  33. https://caat.org.uk/?p=9034 ↩

  34. https://www.whoprofits.org/companies?search=cathay ↩

  35. https://www.scmp.com/news/hong-kong/transport/article/3345034/cathay-passengers-bemoan-refund-policies-us-israel-exchange-strikes-iran ↩ ↩2

  36. https://www.ohchr.org/en/press-releases/2025/09/un-human-rights-office-updates-database-businesses-involved-israeli ↩ ↩2

  37. https://www.whoprofits.org/companies?search=cathay ↩

  38. https://www.itiger.com/news/2593491109 ↩ ↩2

  39. https://www.swirepacific.com/en/corporate-governance/directors-and-officers ↩ ↩2 ↩3 ↩4 ↩5

  40. https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3353382/guy-bradley-takes-helm-cathay-chairman-patrick-healy-retires-after-3-decades ↩

  41. https://centreforaviation.com/news/cathay-pacific-agrees-to-sell-part-of-equity-stake-in-haeco-21832 ↩

  42. https://www.financeasia.com/article/cathay-pacific-sells-15-stake-in-haeco/214478 ↩

  43. https://www.hkexnews.hk/listedco/listconews/sehk/2011/0406/00044_1044855/E107.pdf ↩

  44. https://www.scmp.com/article/44251/swire-sells-648m-shares-haeco ↩

  45. https://centreforaviation.com/profiles/maintenance-repair-and-overhaul/haeco ↩

  46. https://www.swirepacific.com/storage/fm/Swire_Pacific_At_A_Glance/2025AR/swire-pacific-at-a-glance-en.pdf ↩ ↩2

  47. https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0312/2026031200167.pdf ↩

  48. https://www.mroglobal-online.com/swire-privatise-haeco/ ↩

  49. https://news.cathaypacific.com/statement-regarding-cathay-pacific-shareholding-ownership-140238 ↩