Aerospace Corporate Stories
Cathay Pacific profits fall 83%
Hong Kong-based Cathay Pacific has announced profits have fallen 83 percent amid higher fuel costs and a drop in demand for corporate travel.
AirAsia airline proposal gets India approval
India on Wednesday approved a proposal by Malaysia's AirAsia to invest 800 million rupees ($14.5 million) to start a budget airline in a joint venture with India's Tata and a third investor, Telestra Tradeplace.
Cathay Pacific orders three Boeing 747-8
Hong Kong-based international passenger and cargo airline Cathay Pacific Airways has ordered three Boeing 747-8 Freighter cargo aircraft in a deal worth $1 billion.
