InfoAnda - Cathay Pacific to buy, lease 27 new planes

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Wireless Phone Companies Beef Up Coverage For Inauguration Crowd With Temporary Cell Phone Towers | 21 January 2009
Bedbugs take bite out of Big Apple | 1 August 2010
Lesbian family film Kids elbows into Oscar race | | 17 November 2010

Dragon Go! app enables voice-powered search | | 1 August 2011

Forum Views () Forum Replies ()

Read more with google mobile : Cathay Pacific to buy, lease 27 new planes

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap Cathay Pacific to buy, lease 27 new planes AFP - 18 minutes ago Send IM Story Print HONG KONG (AFP) - – Cathay Pacific said Wednesday that it would buy or lease 27 planes from Airbus and Boeing in a deal worth as much as $6.55 billion, as the carrier reported a record profit for 2010. The Hong Kong airline said it had struck a deal with European aircraft maker Airbus to buy 15 A330-300s and a separate agreement with US-based Boeing for 10 777-300ERs. The deal also included leasing two more Airbus A350-900s from International Lease Finance Corporation, Cathay said, adding that all the models would be delivered before the end of 2015. The total list price for the 27 planes was HK$51 billion ($6.55 billion) although they would "be acquired at a considerable discount, as is the usual practice in such transactions," Cathay said. Cathay also said it booked a net profit of HK$14.05 billion ($1.80 billion) in 2010, nearly triple the 2009 result of $4.69 billion. Year-on-year revenue increased by 33.7 percent to HK$89.52 billion, it added. The carrier and its regional unit Dragonair carried 26.8 million passengers in 2010, a 9.1 percent increase, it said. Cargo revenue soared 50.1 percent to HK$25.9 billion last year, Cathay said, adding that the amount of freight carried by the airline and Dragonair totalled 1.8 million tonnes, an 18.1 percent year-on-year increase. Cathay's latest financial results marked a major turnaround from 2008 when the carrier reported a record HK$8.69 billion loss as the global economic downturn hammered the airline industry, before the return to profit in 2009. The carrier's shares were trading 3.86 percent higher at HK$18.82 during the afternoon session. "The Group's business began to recover from the global economic downturn in the latter part of 2009... the momentum was sustained throughout 2010," Cathay said in a statement. "The improved business conditions helped us to rebuild our balance sheet," it added. But the carrier also warned that prices for fuel, typically an airline's single biggest cost, were 28 percent higher in 2010 from the previous year. "Our results would be adversely affected, and very quickly so, by a return to recessionary economic conditions," Cathay Chairman Christopher Pratt said in a statement. "Demand is at present expected to remain strong in 2011, but this expectation could be undermined if the current (or any higher) level of oil prices were to reduce global economic activity," he added. The plane orders announced Wednesday come after Cathay booked its biggest-ever single purchase in September last year, buying 30 Airbus long-range A350 aircraft for a $7.82 billion list price. Cathay said it now has a total of 91 new aircraft on order for delivery between now and 2019, with a total list price of about HK$185 billion. "The latest order will enable the airline to replace older, less fuel-efficient aircraft as they are progressively retired from the fleet and... continue with the expansion of its passenger network," Cathay said. On Tuesday, Boeing said Cathay rival Hong Kong Airlines, which currently has just 18 aircraft servicing routes to Asia and to Russia, had placed a preliminary order for 38 planes worth up to $8.5 billion at list prices. Send IM Story Print News Search Top Stories Cathay Pacific to buy, lease 27 new planes Oil, US stocks ease pressure on Asian markets Spider-Man comic nets US$1.1 million dollars Lack of sleep can make you overly optimistic: study Japan core machinery orders up 4.2% in January More Top Stories » ADVERTISEMENT Most Popular Most Viewed NASA scientists in row over 'alien microbes' Mass fish death in California harbor Lack of sleep can make you overly optimistic: study Oil prices ease as Saudi downplays supply fears Libya: live report More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Wednesday, 9 March 2011
Italy's top bank ready to freeze Libya stake
First direct Serbia, Kosovo talks open on 'high hopes'
Oil prices ease as Saudi downplays supply fears
Spain's deputy PM leaves intensive care
German central bank sees 2.5% growth this year
Gates observes US progress in southern Afghanistan
World oil supply 'very adequate': Saudi minister
Afghan president tells his people hard year ahead
N. Zealand stun Pakistan in cricket W. Cup
Libya: live report
Down's syndrome test breakthrough 'on the horizon'
Nokia starts talks with Finnish staff over revamp
Taylor leads N. Zealand to 302 runs against Pakistan
Kuwait protesters swell in number, call for PM change |
Cuban state layoffs move slowly, workers uneasy |
Gunfire erupts in Abidjan, Gbagbo forces kill 4 |
Gates sees Afghan progress, warns of fight ahead
Iran forces fire teargas to disperse opposition backers |
Bangladesh court OKs Yunus' dismissal from bank
Sudan rebels to stand trial over peacekeeper killings |
ICC summons 6 suspects over Kenyan violence |
Holy streaming, Batman! 'Dark Knight' on Facebook
Holy streaming, Batman! 'Dark Knight' on Facebook
Women go flipping crazy for world's oldest pancake race
Not one more night: Phil Collins calls it a day
US-ENTERTAINMENT Summary
TV executives await blockbuster ad sales
Warner Bros to offer movies through Facebook |
At 25, MTV's "Real World" challenged to stay fresh
International Women's Day shines harsh light on 'femicide'
Toyota's global sales of hybrid cars top 3 million
New TV and social media trend among the youth: study |
Security high as Prince William and Kate in Belfast
Avril Lavigne more "emotional," "raw" on new album
Lime Wire, music publishers settle copyright case |
Single euro patent battle hits legal buffer
Taiwan softens on high-tech investment in China
Wireless expert Parrot seeks acquisitions
US-TECH Summary
Google logo, maps mark International Women's Day
Avril Lavigne more emotional, raw on new album |
Warner Bros to offer movies through Facebook |
Lime Wire, music publishers settle copyright case
TV executives await blockbuster ad sales |
SW China mega-city building huge security system
New TV and social media trend among the youth: study |
Mia Wasikowska travels from Alice to Jane Eyre |
India's Mahindra group forms alliance with Cisco
China blasts SKorea military hacking allegations
Rocker Robbie Robertson set to write memoirs |
Google to digitise Mandela archives
At 25, MTV's Real World challenged to stay fresh |
Genesis vocalist Phil Collins announces retirement |
Civilian deaths in Afghan war hit record high: UN
Libyan forces pound rebels; US wary on no-fly zone
S. Korea accuses N. Korea over communications attack
Coptic Christian killed in Cairo sectarian clashes
Oil, US stocks ease pressure on Asian markets
Chinese voices find outlet in microblogs
One dead as Muslims and Christians clash in Cairo
Libya no-fly zone must have U.N. backing: Clinton |
Spider-Man comic nets US$1.1 million dollars
Kuwait protesters swell in number, call for PM change
Cathay Pacific to buy, lease 27 new planes
Senate approves patent reform to end backlog
Iran forces fire tear gas at protesters: opposition website
Lack of sleep can make you overly optimistic: study
Suicide bomber kills 25 at Pakistan funeral |
Japan core machinery orders up 4.2% in January
Google Ventures backs online marketing startup
Egypt's army detains state security chief
Mass fish death in California harbor
Iran forces fire teargas to disperse opposition backers
Targeted civilian killings spiral in Afghan war: U.N. |
First direct Serbia, Kosovo talks open on 'high hopes'
Craigslist founder in new venture
Shakhtar move seamlessly into Champions League last eight
US probes hacker threat over WikiLeaks soldier
Strong quake hits northeast Japan, tsunami warning issued |
Wall Street insider trading trial picks jury
New TV and social media trend among the youth: study
Exposed: Egypt's spies dragged from shadows |
New Chrome browser ready for the world
Embattled Japan PM picks new foreign min amid diplomacy woes |
Paris court fines Google for copyright breaches
New Chrome browser ready for the world
Embattled Japan PM picks new foreign minister
One dead as Muslims, Christians clash in Cairo |
Strong quake hits northeast Japan, tsunami warning issued
Colombian troops free kidnapped oil workers |
Sri Lanka urged to end detention without trial
Holy streaming, Batman! 'Dark Knight' on Facebook
SKorea's top diplomat apologizes over scandal
Philippines on alert amid infighting among rebels
Japan's government selects new foreign minister
Large earthquake hits northeast Japan; no damage
Weather forecast for the Asia-Pacific region
At 18, he's the US teen truffle tycoon
Tourists reach new beach frontier in Myanmar
Philippine plane gets stuck in mud, delays flights
Magnitude 7.2 earthquake hits northeast Japan
Spider-Man comic nets US$1.1 million dollars
Former Alice in Chains rocker Mike Starr dies
Bassist from US grunge band found dead
Mexican court allows controversial film back
Charlie Sheen outranks Obama and Lady Gaga in social media
Precious Agatha Christie ivories to go on show in London
Charlie Sheen outranks Obama and Lady Gaga in social media |
Pakistan-IMF talks extended for 2-3 days
Seoul shares cut gains on tech sector weakness
Pakistan
Taiwan central bank: should pursue price stability
Senate approves patent reform to end backlog |
S.Korea Jan-Feb CPI growth topped c.bank views
Deutsche says unit may lose $10 mln during suspension
Seoul shares cut gains on tech sector weakness
S&P: Korean recovery firm, but inflation risks persist
NZ FinMin says growth to rise above 4 pct on quake rebuild
S.Korea c.bank says to focus policy on inflation
Former Alice in Chains rocker Mike Starr dies |
Charlie Sheen outranks Obama and Lady Gaga in social media |
Morals clause at issue in Charlie Sheen legal fight |
Libya: live report
Internet banking surges in southeast Asia
Serbia, Kosovo kick off landmark direct talks
RIM's PlayBook tablet gets 7digital music store
French court suspends Chirac graft trial
World powers pressure Iran over nuclear concerns
Toyota targets strong sales in emerging markets
Want less Charlie Sheen? There's an app for that
Saudi minister says dialogue needed, not protest
Schalke's Raul wary of Valencia in Champions League
Ten dead in Egypt religious clashes
Intel official: Iran sends Taliban deadly rockets
UN says Afghan civilian deaths spike in 2010
Egypt sectarian strife kills 13, challenge to army |
World powers pressure Iran over nuclear concerns |
Ugandan police fire teargas at poll protesters |
Ebadi says Arab-style revolt certain soon in Iran |
Pakistan's Islamist parties challenge weakening government
Blast at Moscow bus stop near security academy |
U.S. condemns violence in contested Sudanese region |
Bali to criminalise giving alms to street beggars
Taiwan's Ma seeks US help in closing arms gap
Netanyahu names new national security adviser |
Samsung, LG fight for 3-D tech supremacy
New PM vows to lift Ireland out of darkest hour |
AP Interview: Petraeus says tough summer ahead
Indonesia's radical Islamist group urges Sultan to ban Ahmadiyah
Nobel laureate appeals to keep job at microlender
World pays attention to S. Korean diplomats' sex scandal
Minimum and maximum temperatures in Celsius
Suicide bomber kills 37 at Pakistan funeral
Thailand blames teen pregnancies for rise in number of disabled babies
1kg marijuana found in Indonesian prison
Kazakh celebrities launch drive to bring out vote
Pakistan to announce T-bills auction result on Wednesday
Microblogs in China government's fight to win public approval |
Reliance Communications seals $1.9B Chinese loan
HK's Cathay adds 27 Boeing, Airbus jets to fleet
Nokia shares up after Symbian sales commitment |
China's Feb auto sales slow, hit by holiday
RIM's PlayBook tablet gets 7digital music store |
HK toy maker settles patent suit with Hasbro
Abbey Road studios launch 80th anniversary contest |
A Minute With: Jeff Beck revisits rock's glory days |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01