Qantas' shares advance as B787 fleet plans are trimmed, Cathay Pacific and Japan Airlines stable
Qantas will remain the largest airline customer for the B787 with firm orders for 35 B737-9s and 15 B737-8s (a reduction from 65 firm orders), but the decision does raise questions about the Dreamliner's role in Qantas/Jetstar development plans.
Elsewhere, Cathay Pacific advanced yesterday by 0.3%, while shares in Japan Airlines remained stable and Singapore Airlines slipped 1.3%.
Taiwan's China Airlines shares' also rose yesterday, by 1.4%. The carrier, which has reported six consecutive quarters of losses, raised TWD5.8 billion (USD176.5 million) through the sale of 602.9 million shares at TWD9.62 (USD0.29)/share, a 22% premium to the share's closing price on 25-Jun-09, in a private placement to the Taiwan Government-affiliated China Aviation Development Foundation and an unnamed Government fund.
Asia Pacific selected airlines daily share price movements (% change): 25-Jun-09
