October 18, 1990 |
A former chairman of the Hong Kong Stock Exchange was sentenced today to four years in prison for corruption. Ronald Li, 61, was also ordered to pay an estimated $1.4 million in court costs and profits reaped from his corrupt acts. The high-rolling former stock exchange chairman was convicted in High Court on Wednesday on two counts under Hong Kong's Bribery Prevention Ordinance.
May 1, 2000 |
Airbus Industrie, the world's second-largest airplane maker, said Emirates Airlines agreed to buy as many as 10 of its next-generation jumbo jets, the A-3XX, the first firm order for the proposed 555-seat jetliner. The contract for five of the $230-million jets and an option for five more moves Airbus closer to building the world's largest commercial plane, which would be a $12-billion bid to challenge Boeing Co.'s monopoly on the market for planes for more than 400 passengers.
April 23, 2000 |
Cathay Pacific Airways is joining the airborne bed battle this month, installing fully reclining sleeper seats in first-class cabins on its nonstop flights between Los Angeles and Hong Kong--matching United Airlines, which has similar seats on the route. By April 30, Cathay's daily nighttime flights on the route will have the seats, said spokesman Gus Whitcomb. They will be added to the three-times-a-week daytime flights by summer's end.
June 27, 2008 |
Four international airlines have agreed to pay $504 million in fines to settle charges they conspired to fleece customers by driving up cargo shipping prices. The Justice Department called the case one of the largest antitrust settlements in U.S. history. Associate Atty. Gen. Kevin J. O'Connor called the scam an "international price-fixing cartel" that cost consumers hundreds of millions of dollars from 2001 to 2006. In some instances, fuel surcharges rose by 1,000%.
July 16, 2000
You can visit Bali, Bangkok, Hong Kong and Singapore on a two-week tour for $1,699 per person, double occupancy, on the "Best of the Orient" package offered by SmarTours. The price includes round-trip coach air fare from Los Angeles via Cathay Pacific Airways, flights within Asia (most on Cathay, one on Qantas), lodging, daily buffet breakfast, sightseeing tours and hotel taxes and service charges.
December 18, 2003 |
Boeing Co. said Wednesday that it had held talks with two of Asia's biggest carriers about ordering its 7E7 jetliner, the company's first new commercial aircraft line in 13 years, and could sign a customer next year. Singapore Airlines Ltd. and Cathay Pacific Airways Ltd. are among airlines in "detailed conversations" concerning the 7E7, said Mike Bair, Boeing's senior vice president for the program. The news comes one day after Boeing's board decided to go ahead and market the plane.
December 2, 1986 |
Taiwanese officials today turned back a dissident who tried to end his self-imposed exile by flying to the island from Manila. The dissident, 45-year-old Hsu Hsin-liang, told reporters in Manila that Taiwan police did not allow him out of the airport and immediately put him back on a flight to the Philippines. "A group of secret police stood around me," Hsu said.
CALIFORNIA | LOCAL
November 11, 2004 |
More than 300 stranded passengers were being rerouted Wednesday while officials investigated why an engine on a Hong Kong-bound jumbo jet failed during takeoff the night before at Los Angeles International Airport, forcing an emergency landing. Several people on the ground saw sparks and flames shooting from one of the four engines of the Cathay Pacific Boeing B-747-400 as it departed at 10:52 p.m. Tuesday. The plane landed safely back at LAX half an hour later.
March 26, 1994 |
Singapore Airlines is prepared to buy up to 52 wide-body jetliners worth $6 billion from Boeing Co. and Airbus Industrie, an airline spokeswoman said Friday, in what would be another welcome boost for Southern California's beleaguered aircraft industry. The carrier's order would particularly benefit Northrop Corp., which builds the fuselages for Boeing's 747 jumbo jet in Hawthorne, and several dozen other 747 suppliers in the region.