John Slosar, Chairman at Swire Pacific, says the purchase of new aircraft is essential to keep Cathay Pacific 'young and efficient'. He also explained why he's still bullish on the Chinese travel industry despite a growth slowdown.
Timothy Ross, Head of Asia Pacific Transport Research at Credit Suisse expects low cost carriers to suffer overcapacity this year and says investors would do better to look to premium airlines.
Boeing advised airlines about a risk of engine icing problems on its new 747-8 and 787 Dreamliner planes with engines made by General Electric.
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.
Timothy Ross, Head of Asia Pacific Transport Research, Credit Suisse says that soaring energy prices is a core issue and is the reason for his underweight call on the sector