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Cathay woes cloud outlook

Article Abstract:

Hong Kong-based airline Cathay Pacific Airways stock has been avoided by investors in Hong Kong due to the airlines' decision to ground its fleet of A-300 Airbus planes, due to engine troubles requiring a check on the whole fleet. The company's net profit is also expected to be diminished by 3.3% for 1997. Other factors that may lead to a diminished value in Cathay stocks are the sour relations of Cathay parent, the Swire Group, with China, the increased aircraft fuel prices and higher landing fees for the airline at Hong Kong's new airport.

Intnl & Territorial Air Service

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China Eastern Airlines' IPO is risky, some pros warn

Article Abstract:

China Eastern Airlines' planned initial public offering was predicted to be successful and may in time be a part of the stock exchanges of Hong Kong and New York, where its market shares will be recorded in February 1997. However, some analysts and investors have expressed their opinions regarding China Eastern's predicaments which could result from its high debt level, inability to control pricing and cost structures, uncertain regulatory environment and risks of cash calls to finance its heavy investment programs.

Forecasts and trends, Going public (Securities), Initial public offerings, China Eastern Airlines Corporation Ltd.

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Cathay Pacific and Time Warner set wide-ranging media deal

Article Abstract:

Cathay Pacific Airways Ltd. will become the exclusive sponsor of "Asian Edition," a new 15-minute program to be aired on CNN International worldwide in Apr 1997. The airline company will also launch Internet advertising on Time Warner's CNN Interactive and Pathfinder websites. The campaigns are part of the multimedia marketing deal Cathay has signed with the media company Time Warner Inc.

Radio and Television Broadcasting, Radio & TV Broadcasting, Advertising, Broadcasting industry, Broadcasting

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