Cathay Pacific Airways Ltd (0293.HK)
24 Sep 2018
SHANGHAI Air China Ltd said it would sell a 51 percent stake in Air China Cargo to a sister unit for 2.44 billion yuan (274.47 million pounds) to focus more on its passenger unit, as it reported a 4.3 percent rise in first-half profit.
SHANGHAI, Aug 30 Air China Ltd said it would sell a 51 percent stake in Air China Cargo to a sister unit for 2.44 billion yuan ($357 million) to focus more on its passenger unit, as it reported a 4.3 percent rise in first-half profit.
SHANGHAI, Aug 30 Air China Ltd on Thursday said it plans to sell a 51 percent stake in Air China Cargo to a sister unit for 2.44 billion yuan ($357.16 million), and would focus more on its passenger operations.
SHANGHAI/SINGAPORE Cathay Pacific Airways Ltd posted a narrower half-year loss on a strong rise in airfares and cargo rates and flagged expectations for a better second half, although its failure to curb costs fuelled market concerns.
* Shares drop as much as 3.3 percent to lowest since December
* Said was helped by weak U.S. dollar; hit by high fuel costs
Aug 8 Hong Kong's Cathay Pacific Airways Ltd on Wednesday swung to a narrower half-year loss, in a sign its transformation programme designed to cut costs and lift revenue was paying off.
MONTREAL Aimia Inc's stock surged nearly 12 percent on Friday after the Canadian company announced a new airline partnership and repeated its Thursday night demand for a higher offer from an Air Canada -led consortium that wants to buy its Aeroplan loyalty program.
* Offer price 31 pct lower than failed 2010 bid (Recasts, adds 2010 bid and analyst comment)
HONG KONG Cathay Pacific Airways Ltd shareholder Swire Pacific Ltd said it plans to take maintenance unit Hong Kong Aircraft Engineering Co Ltd private for about HK$3 billion ($382 million), citing low levels of trade in its shares.