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Hong Kong and mainland China have agreed to relax a large number of restrictions on aviation services which will allow carriers such as Air China and Cathay Pacific expand flights and cargo services. Asian airlines are keen for access to booming Chinese cargo and passenger business, a pivotal reason behind Cathay’s tie-up with Air China last year and Singapore Airlines’ pending acquisition of 24% of China Eastern. Hong Kong and mainland China have agreed to scrap restrictions on the number of
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