Dragonair’s freight up 5.2% in May

Dragonair’s freight up 5.2% in May    Dragonair transported 30,876 tons of freight in May, a 5.2 percent increase from 29,346 tons carried in the same month 2005, but 6.4 percent lower than April.
   “Capacity was significantly reduced for the week-long holiday period at the start of the month as factory production was curtailed during the holiday period; seasonally May is also a slow time for freight, as reflected by the lower volume over the last month,” said Stanley Hui, Dragonair’s chief executive officer.
   Earlier this month, fellow Hong Kong-based airline Cathay Pacific Airways reached agreement to purchase the remaining 82.21 percent shares in Dragonair that it does not already own for HK$8.22 billion ($1.06 billion).