K Ajith, Analyst at UOB Kay Hian Research, says the implementation of premium economy seats may propel profits for Cathay Pacific, which is slated to release its full year earnings on Wednesday.» Read More
*Few governments use stolen document database- Interpol. The international police agency Interpol said only a handful of governments from its 190 member countries actually made use of the database at its headquarters in Lyon, France.
Boeing shares rose 1 percent to $136.68 in early trading on the New York Stock Exchange after news of the order, which confirmed a potential deal earlier reported by Reuters. The deal provides Boeing with a coveted Asian customer for the latest version of its most profitable long-distance passenger jet.
Boeing shares rose 1 percent to $136.68 in early trading on the New York Stock Exchange. The 777 X, due for launch in 2020, will be a derivative of Boeing's top-selling wide-body plane with new wings and engines. Boeing started selling the 777 X at the Dubai Airshow last month, where it garnered a record 259 orders and commitments worth $95 billion at list prices.
Dec 20- Boeing Co said it won an order from Cathay Pacific Airways Ltd for 21 Boeing 777 X jets, valued at more than $7 billion at current list prices.
K. Ajith, Analyst at UOB Kay Hian Research tells CNBC's Cash Flow that Asian carriers will have to improve their price and service standards if they want to compete with the Middle East.
The slowdown won't affect financial forecasts for Boeing, analysts said, because production of the jet is so limited. Analysts expect Boeing to report solid third-quarter results on Wednesday, and many predict its stock, currently at record levels, will continue climbing. The decision also reflects Boeing's prescience in deciding to build the 787 a decade ago.
*JAL's first ever order from Airbus is blow to Boeing dominance in Japan. "Airbus has been trying to break the wide-body monopoly of Boeing for decades and likewise Boeing has been wanting to keep Airbus out of JAL and ANA."
*Airbus, JAL chiefs to hold news conference at 0600 GMT in Tokyo. JAL and Airbus will hold a joint news conference at 0600 GMT in Tokyo. The sources gave no details on the number of planes to be sold, but industry analysts previously told Reuters they expected JAL to order around 25 aircraft in a contest that pitted the A350 against Boeing's yet-to-be-launched 777 X.
The Hong Kong Stock Exchange named industry veteran Garry Jones as the CEO of the London Metal Exchange, ending a high-profile recruitment process.
Timothy Ross, Head of Asia Pacific Transport Research at Credit Suisse discusses the outlook for the airline sector, including Asian carriers.
A new chapter opened for Tokyo risk assets on Friday as the Nikkei index surged past the 13,000 mark after the Bank of Japan unleashed a monetary onslaught of $1.4 trillion in stimulus, but the rest of Asia's stock markets tumbled to multi-month lows.
Despite Cathay Pacific's 83% plunge in annual profit, Mark Webb, Regional Head of Conglomerate and Transport Research, Asia-Pacific says the outlook for the airline is improving.
CNBC's Adam Bakhtiar looks at shares of Cathay Pacific in the daily 'Stock in 60' segment after the the world's largest air cargo carrier reported an 83% drop in 2012 net profit.
After a lackluster few years for the air cargo industry, the CEO of Cathay Pacific Airways told CNBC he expects a recovery in global demand to rejuvenate the flagging sector.
Peter Harbison, Executive Chairman at CAPA says that Cathay Pacific's significant loss in its H1 2012 earnings is fairly unusual. He further explains why the company needs to focus on innovation going forward.
Siva Govindasamy, Asia Managing Editor, Flightglobal explains why the battery malfunction is a serious issue. He also discusses the impact of the Dreamliner's woes on the Boeing-Airbus rivalry.
Flight attendants at Hong Kong airline Cathay Pacific Airways are threatening to withhold food, alcohol and even smiles from passengers during the Christmas holidays over a pay dispute, a union official said Thursday.
"The office holiday party is a great place to meet everyone you've been emailing from 10 feet away."
John Slosar, CEO, Cathay Pacific tells CNBC more about his airline's new business class. He also notes that his airline is facing a host of challenges from multiple fronts.
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