Talk boosts Cathay shares: some bet airline's fortunes likely to soar

Article Abstract:

Investor confidence is returning to Cathay Pacific Airways, as evidenced by the high volume of the company's stocks traded at the Hong Kong exchange. The bullish outlook on Cathay stems from its planned alliance with British Airways, a move seen by investors and analysts alike as something that would turn the airline away from its ailing financial performance. Cathay is expected to post a loss for 1998, after posting profits of HK$1.7 bil ($219.4 mil) in 1997. Cathay experienced a 13% increase in share prices in July, with its shares trading at HK$6.15 from HK$5.45.

Intnl & Territorial Air Service, Securities

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Turnbull is named managing director of Cathay; term is seen temporary

Article Abstract:

Cathay Pacific Airways Ltd. appointed David Turnbull managing director after Rod Eddington resigned for an executive chairmanship in Ansett Airlines of Australia. Observers believe that the appointment will be short-lived and that British presence in Cathay leadership will be minimized. Turnbull is also Cathay's deputy managing director for corporate development and Hong Kong Aircraft Engineering chairman.

Scheduled Airlines, Officials and employees, Appointments, resignations and dismissals, Airline employees, Turnbull, David

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