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Cathay Pacific-WestJet sign codeshare agreement, Nok Air to increase fleet

Cathay Pacific has signed a codeshare agreement with Canadian LCC WestJet. The agreement covers WestJet services between Calgary, Edmonton, Halifax, Montreal, Ottawa and Winnipeg and Cathay Pacific's two Canadian gateway cities, Toronto and Vancouver, effective 20-Oct-2010.

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