05-Oct-2010 11:30 AM
Cathay Pacific-WestJet sign codeshare agreement, Nok Air to increase fleet
Analysis
WestJet, which is seeking to expand its international presence, had previously attempted to reach a codeshare agreement with Southwest Airlines, but the deal fell through.
Cathay's shares were 3.8% higher on Monday.
Nok Air to increase fleet
Thai budget carrier, Nok Air, has plans to expand its fleet and resume international services in 2012-13, according to a report in the Bangkok Post. The airline plans to lease four B737-400s and four ATR 72s in the near term, as well as six B737-800s in the longer term to support its expansion.
Thai Airways, which owns 39% of Nok Air, is setting up another LCC with Singapore's Tiger Airways. Thai's stock slumped 4.2% on Monday.
Asia Pacific selected airlines daily share price movements (% change): 04-Oct-2010