Cathay Pacific CEO says cargo business stabilising

Cathay Pacific Airways CEO Tony Tyler said on Thursday the airline's cargo business is stabilising, and it did not expect to encounter difficulty financing its aircraft orders.
"On the cargo side, things have stopped getting worse," he said at luncheon hosted by UBS in Singapore.
"We don't see a problem financing airplane orders," he added.
Tyler also reiterated that Cathay, Hong Kong's dominant airline, had no plans to do a rights issue to raise cash.