Cathay Pacific Airways is likely to absorb most of the traffic rights of its axed regional subsidiary Cathay Dragon, multiple sources have told the Post, but players within the city’s pro-Beijing camp have been lobbying the Hong Kong government for transparency in such arrangements.In the balance are valuable routes, including a number in mainland China, that would likely draw attention from other contenders.Bill Wong Cho-bau, founder of start-up Greater Bay Airlines, which hopes to challenge…



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