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Old August 4th, 2011, 05:13 AM   #2441
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Dragonair to operate daily flight in Hong Kong-Kathmandu route
Wednesday, 27 July 2011 12:53
nepalnews.com

Dragonair is all set to operate daily flights in Hong-Kong-Kathmandu route from September this year.

The air company has been operating three flights a week in Hong Kong-Kathmandu route at present.

Focusing the increasing number of tourists from Hong Kong to Nepal and Nepal Tourism Year 2011 (NTY-2011), the company has decided to operate daily flight in this route, according to the company.

The company also claimed that the additional flights would provide better facilities to ease passengers and also contribute to NTY-2011.

Dragonair has been operating its flights in Nepal since 2007.
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Old August 4th, 2011, 05:29 AM   #2442
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A bit off topic but Cathay Pacific is offering $100 dollar fares between Hong Kong and Chicago.

Hong Kong for $100?
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Old August 4th, 2011, 01:36 PM   #2443
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^ $100 or $1000
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Old August 4th, 2011, 07:36 PM   #2444
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Quote:
Originally Posted by diablo234 View Post
A bit off topic but Cathay Pacific is offering $100 dollar fares between Hong Kong and Chicago.

Hong Kong for $100?
It's a promotion discount with limited availability of 25 ticket per week.
Read the whole article, or check out CX's US webpage for details.
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Old August 5th, 2011, 05:43 PM   #2445
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Old August 9th, 2011, 05:48 PM   #2446
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Old August 10th, 2011, 02:19 PM   #2447
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Source:http://www.chinadaily.com.cn/regiona...t_13087931.htm
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Cathay Pacific inks Boeing deal for new aircraft
Updated: 2011-08-10 16:40
By Chen Qide (chinadaily.com.cn)


SHANGHAI - Cathay Pacific announced on Wednesday that it has inked a deal with Boeing to purchase four 777-300ER passenger aircraft and eight 777-200F freighters.

"It is a firm measure the airline has taken to modernize its fleet in order to expand business with the markets in mainland China and other parts of the world,'' said Cathay Pacific Chief Executive John Slosar.

The deal costs an investment of HK$25.6 billion, but the new aircraft will be acquired at a considerable discount as is the usual practice in such transactions, said Slosar.

The aircraft, which will be powered by General Electric GE90 engines, are expected to be delivered to the airline between 2013 and 2016.
The airline already operates 22 Boeing 777-300ERs on its key long-haul routes, and with the latest purchase, it will have another 28 on order for delivery up to 2015.

"We plan to retire the older aircraft, including 21 Boeing 747-400s and 13 Airbus A340-300s, before the end of the decade as it progressively takes delivery of new-generation aircraft that will provide much greater fuel and operating cost efficiencies,'' he said.
The Boeing 777-200F, a new aircraft type for Cathay Pacific, will be used to grow its freighter fleet by replacing older, less fuel-efficient Boeing 747-400BCF Converted Freighters.

For a typical 3,000 nautical mile trip, for example, the 777-200F will burn 15 percent and 24 percent less fuel per payload tonne than the 747-400F and 747-400BCF respectively, said the chief executive.

He said the new aircraft, which can fly 4,900 nautical miles with a full payload of 102 tonnes, will primarily be used on regional and European routes. The airline is also taking delivery of 10 new Boeing 747-8 freighters, with the first two scheduled to arrive in late September and another three being delivered by the end of 2011. The 747-8s, with a payload of nearly 130 tonnes, will be used almost exclusively on routes between Hong Kong and North America.

Cathay Pacific currently has 21 wide-bodied freighters in its fleet, but two Boeing 747-400BCFs will be sold to the airline's cargo joint venture with Air China, while one or two more will be dry-leased to all-cargo subsidiary Air Hong Kong. Following the arrival of the new purchases and the departure of the BCFs, Cathay Pacific's freighter fleet will number up to 35 aircraft by 2016.

With the latest purchases, Cathay Pacific now has a total of 97 new aircraft, including 79 wide-body passenger and 18 freighter aircraft, on its books for delivery up to 2019. The value of these aircraft at list prices is almost HK$200 billion. These aircraft on firm order include 28 Boeing 777-300ERs, 19 Airbus A330s, 32 Airbus A350-900s, 10 Boeing 747-8Fs and eight Boeing 777-200Fs.

"Along with its investment in new aircraft, Cathay Pacific is making a number of other major investments that will strengthen further Hong Kong's role as a leading passenger and cargo hub,'' he said.

The airline is spending more than HK$1 billion on new products and services, including a new Business Class seat, from now to the end of the decade, and is also building a HK$5.5 billion cargo terminal at Hong Kong International Airport which is due to begin operation in early 2013.
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Old August 10th, 2011, 05:18 PM   #2448
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Cathay Pacific Reports Better-Than-Expected Profit on Fuel-Hedging Gains
Bloomberg
Aug 10, 2011 6:48 PM GMT+0800

Cathay Pacific Airways Ltd. (293), Asia’s largest international carrier, posted better-than-expected first-half earnings as hedging and surcharges eased higher fuel costs.

Operating profit before non-recurring items fell 44 percent to HK$2.8 billion ($359 million) from HK$5 billion a year earlier, the Hong Kong-based carrier said in a statement today. That surpassed the HK$1.9 billion median of five analyst estimates in a Bloomberg News survey. Net income dropped 59 percent to HK$2.8 billion after asset sales a year earlier.

The carrier booked HK$2.2 billion of fuel-hedging gains and it imposed levies on cargo and passenger flights to help offset a 39 percent jump in jet-kerosene prices. The airline also announced an order for 12 long-haul Boeing Co. passenger planes and freighters as Asia’s economic growth spurs demand.

“The company’s fuel-hedging gain was better-than- expected,” said Andrew Orchard, an analyst with Royal Bank of Scotland Group Plc. “It’s also surprising to see the cargo business hold up pretty well.”

Cathay, the world’s largest international freight carrier, boosted first-half sales 13 percent to HK$46.8 billion. Cargo revenue rose 7.7 percent, even as volumes declined 4.4 percent.
Business-Class Cabins

Passenger yields rose 12 percent helped by fuel surcharges and demand for premium-class seats. John Slosar, who took over as chief executive officer in March, is overseeing the roll-out of new business-class cabins to help the carrier compete with Singapore Airlines Ltd. (SIA) for executive travelers.

Cathay and unit Hong Kong Dragon Airlines Ltd. carried a total of 13.2 million passengers in the first half, 1.7 percent more than a year earlier. The carrier also booked a larger profit contribution from its stake in Air China Ltd., according to the statement.

“Asia is doing well, China is continuing to doing well and we benefit from that,” Chairman Christopher Pratt told reporters in Hong Kong.

Passenger demand has so far withstood global economic concerns, he said. Cargo is more vulnerable to a slowdown as it is more reliant on U.S. and European demand, he said. Freight demand was “appreciably weaker” in the second quarter than the first, according to the statement.

The airline rose 0.4 percent to HK$16.34 in early afternoon trading in Hong Kong, reversing earlier losses. It was then suspended along with other companies that made announcements during the lunchtime trading break because of a fault with the stock exchange’s website.

The company declared an interim dividend of 18 Hong Kong cents per share, compared with 33 Hong Kong cents a year earlier.
Fuel-Hedging Gains

Cathay booked HK$962 million in realized fuel-hedging gains and HK$1.2 billion in unrealized mark-to-market gains in the first half. Realized gains refer to contracts that have already been used to buy fuel. Unrealized ones are still outstanding and their value will change in line with fluctuations in fuel prices.

The carrier has covered about 30 percent of fuel needs for this year with hedging contracts and about 20 percent of 2012’s requirements, Finance Director James Hughes-Hallett said at the press briefing.

Excluding hedging, Cathay’s fuel costs rose 49.5 percent in the first half because of higher prices and increased flights.

The carrier’s plane order comprised four Boeing 777-300ER passenger planes and eight 777-200 freighters. The aircraft have a combined list price of $3.3 billion. Carriers usually get discounts for large orders. Singapore Airlines also today announced an order for eight 777-300ERs.

Cathay operated 170 planes at the end of June, including at a venture with DHL. It received six new aircraft in the first half of 2011. It is due to get eight planes in the second half, including five 747-8 freighters.

In total, the airline has 97 new aircraft on order, comprising 79 widebody passenger planes and 18 freighters, following today’s announcements. The order book stretches through to 2019, according to a statement.
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Old August 10th, 2011, 08:21 PM   #2449
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Old August 12th, 2011, 07:04 PM   #2450
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Patrick Yeung Appointed As Dragonair CEO
8 August 2011
Press Release

(HONG KONG) Dragonair announced today the appointment of Patrick Yeung as the airline’s next Chief Executive Officer. Mr Yeung will take up the post on 16 August, succeeding James Tong in the role.

Mr Yeung is currently Director, General Manager & Chief Representative of John Swire & Sons (China) Limited, overseeing the group’s development and investment strategies in Mainland China, but has considerable experience in aviation having worked with the Cathay Pacific Group for a number of years.

Mr Yeung said he was excited about taking up the CEO post and being part of the aviation world again.

“Dragonair is a successful local carrier that has won a lot of recognition in Hong Kong and around the region. The Dragonair team has never forsaken its people-oriented culture and customer-minded approach to service and has soared to new heights in recent years,” Mr Yeung said.

“Without such dedicated and exemplary team members it would not have been possible for Dragonair to be recognised as ‘World’s Best Regional Airline’ by Skytrax for the past two years. I am confident that, with the strong foundation already laid, Dragonair will continue to be a strong performer within the Cathay Pacific Group, and I look forward to leading the airline in achieving its long-term goals.”

Mr Yeung joined the Swire group in 1980 and has held numerous managerial positions within Swire Shipping and the Cathay Pacific Group. During his time with Cathay Pacific, Mr Yeung had a number of key overseas roles including in the Philippines, Singapore and Thailand. He also served as Managing Director of Cathay Holidays Limited from 1998 to 2004, during which time it moved from being a departmental operation to a separate wholly owned subsidiary. From 2007 to 2009, he worked as General Manager China, managing the operations of both Dragonair and Cathay Pacific in the Mainland.

Mr Yeung holds a Bachelor’s Degree in Social Science from the University of Hong Kong.
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Old August 15th, 2011, 06:06 PM   #2451
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Old August 15th, 2011, 08:40 PM   #2452
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Quote:
Cathay Pacific scandal may delay ad campaign
Cathay Pacific may delay a global marketing campaign, after photographs of crew members allegedly engaging in a sexual act were published

The airline was due to launch the campaign in September.
Its tagline was "meet the team who go the extra mile to make you feel special".
"We are thinking of holding the campaign back for a little while because the timing doesn't suit us at the moment," a spokeswoman said.
Last week, the Hong Kong-based carrier announced that two crew members photographed in "compromising situations" were no longer working for the company.
It gave no details on their duties for the airline.
A number of photographs were recently published online and in Chinese-language newspapers.
The newspapers claim the woman in the photographs was a flight attendant and the man a pilot, both of whom were working for Cathay Pacific.
They allege the photographs were taken in the cockpit of a Cathay Pacific plane.
Cathay's chief executive, John Slosar, said there no evidence to suggest that the incidents happened on any flights while airborne.
"I find any behaviour that recklessly soils the reputation of our company or our team members as totally unacceptable," Mr Slosar said in a statement.
The airline is in the process of handing over details of its internal investigation to Hong Kong's Civil Aviation Department.
September's marketing launch was supposed to be the second phase of an international campaign.
http://www.bbc.co.uk/news/business-14526285
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Old August 17th, 2011, 05:58 PM   #2453
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Cathay Pacific releases combined traffic figures for July 2011
16 August 2011
Press Release

Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for July 2011 showing a year-on-year increase in passenger numbers alongside a rise in capacity. Cargo and mail tonnage showed a decline compared to the same month in 2010.

Cathay Pacific and Dragonair carried a total of 2,524,206 passengers last month – up 1.6% on the same month last year – while the passenger load factor fell by 1.4 percentage points to 86.1%. Capacity for the month, measured in available seat kilometres (ASKs), was up by 7.0%. For the year to date, the number of passengers carried increased by 1.7% while capacity was up by 9.4%.

The two airlines carried 140,050 tonnes of cargo and mail in July, an 8.6% decrease compared to the same month last year, while the cargo and mail load factor was down 9.4 percentage points to 66.6%. Capacity, measured in available cargo/mail tonne kilometres, was up by 4.2%, while cargo and mail tonne kilometres flown were down by 8.6%. For the year to date, tonnage has dropped by 5.2% compared to a capacity increase of 12.9%.

Cathay Pacific General Manager Revenue Management James Tong said: "Passenger traffic held up well in the first month of this year’s summer peak, though the increase in passenger numbers didn’t keep pace with the year-on-year increase in capacity and our load factor fell as a result. The weakness on routes such as Shanghai, Japan and the Middle East continued, but key long-haul routes held up well, as did traffic in Southeast Asia. Our premium business remained strong, with both volumes and yield showing growth over 2010.”

Cathay Pacific General Manager Cargo Sales & Marketing James Woodrow said: “There was no real change from the previous month’s market situation, with weak demand continuing out of both Hong Kong and Mainland China. India routes continued to perform well and the new service to Bengaluru, which launched on 1 August, got off to a solid start. We expect the markets to remain soft through to mid-September. However, our long-term confidence in Hong Kong as an airfreight hub was confirmed by our order for eight new Boeing 777-200 Freighters.”
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Old August 21st, 2011, 05:40 PM   #2454
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Old August 22nd, 2011, 06:03 AM   #2455
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Hopes high for greener aircraft
The Standard
Monday, August 08, 2011

An aviation expert says advanced fuel-saving technology will make new aircraft more environmentally friendly and that additional flights do not necessarily mean more pollution.

Royal Aeronautical Society (Hong Kong) member Warren Chim Wing-nin also said he is confident the aviation industry will be able to achieve the 2050 global target of cutting carbon emissions 50 percent from 2005 levels.

While not addressing the pros and cons over the building of a third runway at Chek Lap Kok, Chim said worldwide air traffic fuel consumption for one passenger in 1985 was eight liters per 100 kilometers. This dropped to five liters in 2005 and could decrease to three liters in 2025.

He said the fuel efficiency can be explained by lighter aircraft and better engines.


About 20 years ago aircraft were made mainly of metal. But with the improvement in technology manufacturers now use advanced lightweight composites.

As an example, 25 percent of the material used in the first Airbus A380, which made its maiden flight in 2005, was a composite mix reducing the plane's weight by 8 percent.

However, in the Airbus A350 scheduled to make its first flight next year, 70 percent of the structure uses advanced composite material, saving an additional 15 percent.

In addition, airlines are now installing a pair of winglets which helps reduce fuel consumption by at least 5 percent.

"Winglets reduce drag. In Hong Kong, airlines such as Cathay Pacific Airways have installed then on aircraft such as the Airbus A330 and A340," he said.

Chim said the industry is now testing the use of biofuels, presenting a new solution to reducing the growth of greenhouse gas emissions. Compared with commonly used hydrocarbon fuel, biofuels can reduce nitrogen oxide emission by up to 50 percent.

"Some people think that the more flights we have, the greater the carbon emission. This is true if we do not take any action. But given the technological advancement, it can be managed," Chim said.

He said the industry has also made efforts to reduce aircraft noise by improving turbofan engines.

According to the United Nations Intergovernmental Panel on Climate Change, the aviation industry produces around 2 percent of the world's man-made emissions of carbon dioxide. The total carbon emissions from international air transport was about 391 million tonnes in 2005.
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Old August 24th, 2011, 05:06 AM   #2456
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Adelaide to get direct Hong Kong flights
Posted August 22, 2011 15:03:32

Cathay Pacific will add three direct flights per week between Adelaide and Hong Kong, from November.

Flights between Hong Kong and Adelaide currently go through Melbourne.

John McArdle from Adelaide Airport says the direct services will make it easier to travel to almost 40 destinations.

"It'll get you into Hong Kong virtually the same day and then open up destinations into China, Japan, Korea, Thailand, New York, Canada, and many, many other places," he said.

http://www.abc.net.au/news/2011-08-2...lights/2850442
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Old August 24th, 2011, 08:05 PM   #2457
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Cathay Pacific to introduce Premium Economy on Sydney-HK flights

Cathay Pacific will introduce its all-new premium economy service in March 2012, with Sydney travellers among the first to sample the seats and cabin.
The Hong Kong flag carrier has earmarked the daily Sydney-Hong Kong service CX100 and CX101 for aircraft which have been upgraded to accommodate the 28 new seats sandwiched between the airline's new business class and economy sections.
Cathay Pacific has yet to formally announce its new class of travel and reveal the seats and extra services you'll get, but the airline's CEO John Slosar has previously pledged to "deliver something special – not just an economy seat and call it premium.”
Earlier this year Alex McGowan, Cathay's General Manager for Product, revealed his 'premium economy playbook' to Australian Business Traveller by suggesting as "a quiet cabin, a more exclusive environment, with a larger more comfortable armchair that you can really sink into, recline and relax in."
“I think that any premium economy product needs to be its own seat, which needs to be wider and have more (legroom), it needs to have a legrest and footrest and be a better all-round experience.” McGowan also called out “upgraded catering and a larger (video) screen size” as key components.
“But it’s mainly its about being a small private cabin, set separately and having more interaction with the cabin crew and a better standard of service (compared to economy)."
However, the airline is keenly aware of the need to sharply differentiate premium economy from business class in order to protect its pointy-end profits.
“The key with something like premium economy is to understand that it’s an economy plus product, not a ‘business class minus’ product – at least from a philosophical perspective, but not as a product definition” McGowan told Australian Business Traveller.
“It’s not seeking to capture people who want to trade down from business class because realistically if you’re a frequent business traveller who has important deals to do when you get to your destination, you need that flat bed and you need an environment that’s conducive to sleep and work so you can be at your peak when you arrive.”
“Trading down from business class into premium economy is not the game we’re in. It’s for people in economy who want more space, more exclusivity, and a few details like better catering and wine. It’s also about capturing people who may want not to travel in economy but can’t afford to travel in business class.”
According to advance flight schedules logged by Cathay Pacific into the global distribution system (GDS) used by travel agents and reported by Airline Route, the daily Sydney-Hong Kong service CX100 and CX101 will be first to sport the new cabins, along with flights from Hong Kong to to Toronto, Singapore and Shanghai Pudong, on both Airbus A330 and Boeing 777-300ER aircraft.
There's no word on if the aircraft refit will also include new economy seats, a project on which Cathay Pacific is “working quite aggressively”.
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Old August 25th, 2011, 07:35 PM   #2458
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Old August 28th, 2011, 05:28 PM   #2459
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Cathay Pacific announces Medium Term Note Programme
23 August 2011
Press Release

Cathay Pacific today announced that application had been made to The Stock Exchange of Hong Kong Limited for the listing of a US$2 billion Medium Term Note Programme and for the listing of, and permission to deal in, any notes issued under the Programme within 12 months after 23 August 2011. The listing of the Programme is expected to become effective on 26 August 2011.

Cathay Pacific Chief Executive John Slosar said: "Our finances are in very good shape, and this programme is a prudent measure that will enable us to broaden our sources of funding and increase our financial flexibility.

"The programme allows the company to issue up to US$2 billion in bonds, though we do not have any firm plans at the moment to do so."
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Old August 29th, 2011, 09:04 PM   #2460
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Cathay Pacific confirms premium economy product

29 August 2011

Cathay Pacific plans to introduce a premium economy product on its fleet in the second quarter of next year.

In a statement today, Chief Executive John Slosar confirmed the launch of the new product and promised passengers that it would be “a real upgrade over economy” and that they would really get a great product for the additional cost.

Mr Slosar said the new product would be introduced on all of Cathay Pacific's long-haul routes, the ultra long-hauls to Europe and North America, and the medium haul down to Australia, in the Middle East and other destinations.

Mr Slosar said the airline's new product will be a lot better than regular economy seats.

“The seat will be more like a regional business class seat. We’ll have great recline and plenty of leg space," he said.

"But it’s not just the seat, we’ll have an improved service as well. The meal service will be improved and little extras will leave anyone who chooses Cathay Pacific’s premium economy feeling they really got value for their money.

"That’s the most important part, I think.”

Mr Slosar said the airline was now convinced that premium economy was becoming a standard product everywhere.

"And certainly, as a standard product, Cathay Pacific will want to offer it and we’ll want to do a really good job of it. Starting second quarter next year we will offer a premium economy product in our aircraft.”

Mr Slosar added that the new product will be installed on the fleet "at the same time as we install the new Business Class seats." "We’ll be doing all this quite quickly, although it will still take most of 2012 before it is on most of our aircraft,” he said.





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