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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| December 02, 2005 | COPYRIGHT 2005 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TRANSPORTATION

Boeing lands Hong Kong order

Cathay Pacific Airways will buy or lease up to 36 Boeing aircraft, a key win for the U.S. plane maker over rival Airbus. The airline said it would buy 12 long-range Boeing 777-300ERs, with a book value of $3 bil, although plane makers often discount. Cathay Pacific will also lease 4 planes and got rights to buy 20 more 777-300s. Boeing's '05 orders may beat Airbus for the first time since '00. Shares rose 2% to 69.67.

** Delta Air Lines, the U.S.' No. 3 airline, said it lost a stomach-churning $1.14 bil, or $6.04 a share, Sept. 15 to Oct. 31, the first six weeks of its bankruptcy case. Delta reported a Q3 loss of $1.13 bil in the quarter ended Sept. 30. Delta couldn't say how much of today's report was fresh losses, or how much was included in the quarterly report.

MEDIA

Groups mulling Knight Ridder ...

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