12-May-2009 11:40 AM
Cathay Pacific shares surge on HAECO sale rumour – Share Wrap
Analysis
Cathay Pacific's shares surged 7.8% yesterday as rumours emerged the carrier may have found a buyer for all or some of its 27% stake in Hong Kong Aircraft Engineering Co (HAECO). That Cathay is reported to be preparing to sell the HAECO stake could signal the carrier has cash concerns beyond the end of 2009.
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