Tag "Cathay Pacific"
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Air freight rates rapidly increases as people book cargo planes
LOS ANGELES/SHENZHEN: Air freight rates are skyrocketing, after the grounding of many passenger flights in Asia has left shippers scrambling to book limited spots on cargo planes as Chinese industrial production restarts, according to industry insiders. About half of the
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Air China no plans to take over Cathay Pacific
SINGAPORE: Air China Ltd has no plans to take over Hong Kong’s Cathay Pacific Airways Ltd, an independent director of the state-owned Chinese carrier told the South China Morning Post newspaper. “Based on what I know, I wouldn’t think that
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Cathay Pacific shares up 2.3% post CEO resignation
HONG KONG: Shares of Cathay Pacific Airways rose more than 2 percent early today after CEO Rupert Hogg resigned in a shock move, as the carrier grapples with the involvement of some of its employees in the city’s anti-government protests.
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Hong Kong’s Cathay shares jump 7.4% at open after slump
HONG KONG: Shares in Cathay Pacific opened 7.4% higher on Wednesday in a relief rally after the Hong Kong airport reopened and the airline and its top shareholder condemned protests and vowed to follow China’s aviation regulations. The share price
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‘Support or participate in protest, and you’ll get fired’
HONG KONG: Hong Kong carrier Cathay Pacific warned its staff on Monday that they could be fired if they “support or participate in illegal protests”, as the airline comes under pressure from Beijing. The warning follows new regulations imposed by
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