All Nippon Airways, the biggest customer for Boeing's 787 Dreamliner, wants the planemaker to compensate it in cash, rather than discounts on future purchases, for losses racked up since the aircraft was grounded worldwide in mid-January.
All Nippon Airways, the biggest customer for Boeing's 787 Dreamliner, wants the planemaker to compensate it in cash, rather than discounts on future purchases, for losses racked up since the aircraft was grounded worldwide in mid-January.
John Slosar, CEO at Cathay Pacific, tells CNBC he expects a recovery in the air cargo market, even as weakness in the industry led to an 83 percent plunge in 2012 net profit for the airline.
Cathay Pacific Airways, the world's largest international air cargo carrier, returned to profit in the second half of 2012 but still underperformed ending the year with a huge drop in full year net profit.
Asian shares closed mostly higher on Thursday, even though Japan was unable to gain momentum from further stimulus and despite investor worries about the looming "fiscal cliff" deadline, which risks the health of the world's largest economy.