Airline Finance News - Asia / Pacific.Oct 30, 2006 Cathay Pacific Cathay Pacific Airways Limited (HKSE: 0293 ) is an airline based in Hong Kong, operating scheduled passenger and cargo services to over 104 destinations worldwide. It is the flag carrier of Hong Kong with its main base at the Hong Kong International Airport. [1]. Airways Cathay Pacific Airways announced the donation of its 64.7 million shares in China National Aviation Co. to 64 charities in Hong Kong, six in China and one pan-Asian organization under terms of the Hong Kong Takeovers Code that forbids the carrier from exercising its votes in CNAC's privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned . "During the transaction process we found ourselves facing a difficult regulatory problem which had a very agreeable solution," CX CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Philip Chen said. Cathay said its CNAC CNAC China National Aviation Corporation CNAC Canadian Network for Asthma Care CNAC Cisco Network Admission Control CNAC Car Now Acceptance Company CNAC Center for Naval Analyses Corporation (Alexandria, VA) stake is valued at more than HK$181 million ($23.3 million). Oct 24, 2006 China Eastern Airlines China Eastern Airlines Corporation Limited (Simplified Chinese: 中国东方航空股份有限公司) (SSE: B>600115 China Eastern posted a CNY CNY In currencies, this is the abbreviation for the China Renminbi. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 491.5 million profit in the quarter, down from CNY673.2 million in the 2005 third quarter. Revenues climbed 24.9% to CNY10.34 billion against a 27% increase in costs. Passenger numbers were up 19% to 9.5 million. However, the carrier said it lost CNY970.2 million through the nine-month period compared to a CNY262.7 million profit in the year-ago period and does not expect to turn a profit in 2006. Both airlines cited a rising yuan as a factor in their success last quarter. Oct 27, 2006 China Southern Airlines China Southern Airlines (中国南方航空公司) (SEHK: 1055, NYSE: ZNH) is an airline based in Guangzhou in the Guangdong province of the People's Republic of China. , China Eastern Airlines China Southern Airlines and China Eastern Airlines each reported profitable third quarters yesterday, according to statements cited in press reports from Beijing. China Southern posted a CNY1.29 billion ($163.1 million) profit, up 51.4% from the CNY852 million earned in the year-ago quarter. Revenue rose 21.8% to CNY13.89 billion and passenger numbers climbed 12.4% to 14.3 million. Through nine months, the carrier is CNY453 million in the black compared to CNY9 million in the year-ago period. Oct 27, 2006 Qantas Qantas officials told shareholders last week that it expects to exceed its 2005-06 net profit of A$480 million ($363.8 million) in the current fiscal year thanks to continued restructuring and falling fuel prices. The carrier also confirmed it would not cancel its order for 12 A380s, according to press reports. Oct 23, 2006 Z Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Oct 23, 2006 |
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