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Old July 17th, 2012, 07:16 PM   #2641
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We'll need to wait and see ...
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Old July 17th, 2012, 11:16 PM   #2642
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Would they unveil a new regional product? Or would they rather use their older business class cabin configurations in the regional routes (which some of them have been).
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Old July 18th, 2012, 08:52 PM   #2643
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CX 744 behind me as we were about to take off :

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Old July 19th, 2012, 02:29 PM   #2644
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Cathay Pacific Releases Combined Traffic Figures for June 2012
16 July 2012
Press Release

Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for June 2012 that show passenger numbers growing ahead of the increase in capacity, while another drop in cargo and mail tonnage was recorded.

Cathay Pacific and Dragonair carried a total of 2,413,766 passengers in June – an increase of 6.4% on the same month in 2011 – while the passenger load factor rose by 1.4 percentage points to 82.9%. Capacity for the month, measured in available seat kilometres (ASKs), rose by 3.5%. For the year to date, passenger numbers have risen by 8.6% compared to a capacity increase of 6.9%.

The two airlines carried 127,698 tonnes of cargo and mail last month, a drop of 5.4% compared to June 2011. The cargo and mail load factor was down by 1.3 percentage points to 65.7%. Capacity, measured in available cargo/mail tonne kilometres, decreased by 5.2%, while cargo and mail tonne kilometres flown dropped by 7.1%. For the year to date, tonnage has declined by 10.1% against a capacity drop of 4.3%.

Cathay Pacific General Manager Revenue Management James Tong said: “Our flights were busy in June in the build-up to the summer peak season. Passenger volumes rose above the increase in capacity, which shows that the demand is there, but we continued to see yield coming under pressure in all cabins last month. Demand remains particularly robust within the region and to North America, though we expect most routes to show high load factors over the summer peak.”

Cathay Pacific General Manager Cargo Sales & Marketing James Woodrow said: “There was no uptick in demand out of our key markets in June. The fall in cargo tonnage was not as sharp as in previous months in 2012, but that reflects the weakness of the cargo market at the same time last year. Traffic within the Asia Pacific region continued to hold up well while the transpacific routes were spurred by the shipment of cherries from the US. Given the continued weakness of the market, our priority remains to manage capacity in line with demand.”
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Old July 21st, 2012, 02:30 PM   #2645
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Premium Economy (HKG-JFK) By fongkhd from a Hong Kong discussion forum :















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Old July 22nd, 2012, 11:54 AM   #2646
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Source : http://pic.feeyo.com/posts/567/5675111.html









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Old July 23rd, 2012, 06:32 PM   #2647
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image hosted on flickr

_MG_9634 by Andrew1012, on Flickr
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Last edited by hkskyline; July 24th, 2012 at 04:31 PM.
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Old July 24th, 2012, 04:27 PM   #2648
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Looking to Weather Volatility? Try These Asian Plays
CNBC
Mon, Jun 25, 2012

Samsung Electronics, COSCO Pacific, Ayala Land and Cathay Pacific are some stocks that will fare well even as market volatility and economic uncertainty continue into the second half of the year, according to a report by HSBC Global Research.

Herald van der Linde, Head of Equity Strategy, Asia Pacific and Garry Evans, Global Head of Equity Strategy of the British bank, looked at criteria such as earnings resilience, structural changes in demand, strength of corporate balance sheet and valuations, and picked the stocks they think would likely to outperform regardless of up or down swings.

South Korea's Samsung Electronics, for example, will benefit from the shift from notebooks to tablets, thanks to Apple's iPad, HSBC said. The company's Note, a smartphone-and-tablet hybrid offering, is expected to increasing its blended average unit selling price over the next few months and keep operating profit margins of its handset unit at 20 percent.

The bank also likes China's COSCO Pacific, one of the top five port investors in the world and the world's third-largest lessor of containers.

"COSCO Pacific remains our preferred play in the Asian port and shipping sector, given its attractive valuation and relatively resilient earnings outlook," van der Linde and Evans said in the report.

We believe that a turnaround of COSCO Pacific's terminal investments (Piraeus, Guangzhou-Nansha) and a strong leasing business will drive its profitability (10 percent profit CAGR in 2011-14) in the forecast period."

HSBC has a 12-month target of 1,760,000 won ($1,519) for Samsung's stock, representing an upside of about 41 percent, and a target of HK$14.40 ($1.85) for COSCO Pacific, or a 42.5 percent increase from the stock's current price.

Other Asian stocks that will be able to weather a global downturn include Ayala Land, Philippines' largest listed real estate firm, which could rise about 11 percent to 24.15 peso (57 US cents), and Cathay Pacific, Hong Kong's flagship airline, which HSBC forecast could gain 41 percent to HK$17.50.

"We expect Ayala Land to progressively develop and/or re-develop land parcels across the country held under its strategic land bank segment," the bank said. "Increased mortgage availability to a wider segment of the population and on better terms is likely to drive demand for residential property in locations where developments were previously not feasible."

Cathay Pacific is HSBC's favorite premium airline in Asia and while the bank expect a somewhat "lackluster outlook", there could be a silver lining in lower oil prices.

"All else same, every 5 percent fall in fuel price could raise our 2012 recurring net profit estimate for Cathay by 10 percent," the analysts say. "We therefore believe that lower fuel price will help to offset a weak revenue environment. We argue that Cathay's strong home base, which we believe is the best positioned gateway into southern China and its greater exposure to North America generate a superior medium-term outlook."

Other than these firms, HSBC also likes India's Titan Industries, Powergrid and HDFC, Thailand's Total Access, Taiwan's AUO, China's Hengan, Hengdeli and China Overseas Land and Investment, Indonesia's Kalbe Farma, South Korea's Hyundai Motor, and Singapore's Sembcorp Marine.

- By CNBC's Jean Chua.
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Old July 27th, 2012, 08:11 PM   #2649
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Cathay Pacific flight schedule integrity improving
Passengers without confirmed bookings advised not to go to the airport

27 July 2012
Press Release

Cathay Pacific Airways today announced that its flight schedule integrity is improving while it has been working hard to put its planes and crew back into position and clear the backlog of customers arising from flight cancellations and diversions caused by typhoon Vicente and the subsequent bad weather throughout the week.

Passengers whose flights are cancelled are advised not to go the airport. Cathay Pacific will assist with alternative arrangements for affected passengers.

“While the situation is improving, we are still facing challenges with occasional heavy rain and thunderstorms in Hong Kong and Mainland China. We are doing everything possible to make alternative arrangements for affected passengers but on some routes it has been a significant challenge as we are in the summer peak and flights are full,” said a Cathay Pacific spokesperson.

Cathay Pacific expects that some flights will be delayed each day through the weekend. Additional flight cancellations may also be necessary to get airplanes and crew back into position.

Passengers are advised to first check the airline’s website, www.cathaypacific.com, to get the latest flight information before leaving for the airport.

To ensure customers receive the latest flight status updates via SMS or email, they are advised to update their contact details in Manage My Booking.

The airline will waive re-booking, re-routing, cancellation and refund charges for all tickets issued worldwide (irrespective of fare type) on or before 24 July for travel on Cathay Pacific between now and 29 July.

Cathay Pacific continues to monitor the situation closely and will issue further updates once more information becomes available. The airline regrets any inconvenience this may cause and hopes for passengers’ understanding.
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Old July 30th, 2012, 05:04 PM   #2650
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Old August 3rd, 2012, 12:14 PM   #2651
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Dragonair's New Kolkata Service to Launch in November; Chiang Mai Service to Become Year-round
30 July 2012
Press Release

 (HONG KONG) Dragonair today announced that its new four-times-weekly service to Kolkata will launch on 2 November, offering more travel choices and greater convenience for passengers travelling between Hong Kong and Eastern India. The new service will be operated by Airbus A320 aircraft.

Kolkata is Dragonair’s second passenger destination in India, adding to the current daily service between Hong Kong and Bengaluru. Travellers can connect through the Hong Kong hub to and from Dragonair’s Mainland China network as well as destinations in North America and Australia through seamless connections on the extensive global network of sister airline Cathay Pacific.

Meanwhile, in view of the growing demand, Dragonair will also turn the Chiang Mai seasonal service into a year-round scheduled service. The airline launched the direct non-stop service to the popular leisure destination in July.

Since April, Dragonair has launched or resumed services to Xi’an, Guilin, Jeju, Taichung, Clark in the Philippines and Chiang Mai, and a daily service to Haikou will resume on 28 October. Kolkata will be the eighth destination added to the airline’s network this year.
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Old August 3rd, 2012, 09:32 PM   #2652
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I noticed BR and CI both restarted Taipei flights far earlier than CX/KA. Wonder why was that?

Tropical Cyclone Saola – Flights To and From Taiwan Resume
Last Updated: 3 August 2012
Press Release

Cathay Pacific Airways advises that its flights to and from Taiwan are resuming based on the latest weather forecast. However flights may be subject to changes during the day. Passengers are advised to first check Arrivals and Departures information before departing for the airport. To ensure customers receive the latest flight status updates via SMS or e-mail, they are advised to update contact details in Manage My Booking.

We are sorry for any inconvenience caused and we thank you for your patience during the past few days.
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Old August 6th, 2012, 03:28 PM   #2653
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Dark before the dawn for Cathay
The Standard
Monday, August 06, 2012

Cathay Pacific Airways (0293) is expected to post a sharp drop in half-year earnings after a profit warning in May. But analysts believe the worst may be over for the SAR's de facto flag carrier.

The airline is due to reveal interim results on Wednesday.

Net profit before exceptional items for the six months to June 30 may slump 96percent year on year to HK$125 million on the global economic slowdown, a Credit Suisse estimate said.

Barclays expects earnings at Cathay to drop 90percent, while BoCom International sees them falling 84percent to HK$443 million from the same period last year, Bloomberg data show.

In May, Cathay said half-year results would be "disappointing."

But June figures suggest demand for flights is nearing the bottom of the industry cycle. Also, fuel costs are slipping as crude demand weakens due to the worldwide slowdown.

Daiwa Capital Markets sees Cathay's fuel costs slipping about 9percent this year through 2014 and expects a strong rebound in second-half results.

Cathay and subsidiary Dragonair carried 127,698 tonnes of cargo in June, down 5.4percent from a year ago. But the decline eased from a year-on-year drop of 10.6percent in May. Passenger loading growth remained stable at an annualized 6.4percent in June.

Cathay has also been cutting costs, via unpaid leave for staff, a hiring freeze and trimming non-essential expenses.

HSBC said with cargo volumes stabilizing, profitability for the airline industry may be bottoming out, and that Cathay has outperformed peers due to its better cost efficiency.

Cathay's results will weigh on parent Swire Pacific (0019), with Bank of America Merrill Lynch saying Swire's underlying profit will tumble 30percent to HK$3.1 billion in the first half.

But Swire's real estate unit, Swire Properties (1972), will see an 8percent rise in earnings as new mainland properties more than offset local rental declines.
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Old August 7th, 2012, 03:48 PM   #2654
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End of world played down as Mexico targets tourists
The Standard
Tuesday, August 07, 2012

Mexican tourism officials are seeking the support of Cathay Pacific Airways to make it easier for Hongkongers to travel to their country.

They point to the country's rich history, the ancient Mayan civilization and tantalizing predictions of what is to come as reasons why local tourists should visit the Central American country.

"Clearly, air connectivity is one of the challenges because we are a long- haul destination," said Rodolfo Lopez- Negrete, chief operating officer of the Mexico Tourism Board.

Lopez-Negrete said a non-stop flight from the SAR to Mexico may not be feasible due to the great distance and technical problems, but with one stop in the United States such a link should be possible.

"We are holding conversations with different Asian carriers, and obviously Cathay Pacific is a key and crucial player," Lopez-Negrete said in Hong Kong. "We want to encourage air carriers to fly to Mexico."

No Asian carriers fly direct to Mexico, although Japan Airlines operates a code-share with American Airlines to fly from Tokyo to Mexico City, Cancun and Puerto Vallarta, via Dallas, Texas.

Lopez-Negrete said that one of his delegation's missions is to dispel the image that the crime rate in Mexico is high.

He said crimes are committed in every country and should not be used as a reason not to travel to Mexico.

Last year, only 1,500 Hong Kong tourists visited Mexico.

Lopez-Negrete said the low figure suggested Hongkongers are not familiar with what Mexico has to offer.

"We need to tell the Hong Kong market what Mexico has," he said. "We need to highlight why Hong Kong consumers should be visiting Mexico."

He said the Mexican government aims to promote the country's proud and rich history, which dates back to the Inca empire and the Mayan civilization.

The Mayans are attracting attention as their calendar ends at 11.11 GMT on December 21.

Predictions of what happens then range from the beginning of a new era to doomsday and judgment day.

"We do not believe that it is the end of the world - it will only be getting better," Lopez-Negrete said.

Mexico is ranked No10 among the world's most visited countries, and aims to make it into the top five by 2018.
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Old August 8th, 2012, 04:13 PM   #2655
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Cathay Pacific announces 2012 interim results
8 August 2012
Press Release

The Cathay Pacific Group reported an attributable loss of HK$935 million for the first six months of 2012. This compares to the profit of HK$2,808 million in the first half of 2011. Loss per share was HK23.8 cents as compared to the earnings per share of HK71.4 cents in 2011. Turnover for the period rose by 4.4% to HK$48,861 million.

In the first half of 2012, Cathay Pacific’s core business was significantly affected by the persistently high price of jet fuel, passenger yields coming under pressure and weak air cargo demand - factors common to the aviation industry as a whole. Profits from associated companies, including Air China, also showed a marked decline. In response to these challenges, the Cathay Pacific Group introduced measures designed to protect its business, including schedule changes and capacity reductions, the withdrawal from service of older, less fuel-efficient aircraft, a recruitment freeze and the introduction of voluntary unpaid leave for cabin crew. At the same time the Group kept its network intact and did not allow cost reductions to compromise the brand or service quality. It also continued with major investments – new aircraft, new products and its own HK$5.9 billion cargo terminal at Hong Kong International Airport – that will benefit the business in the long term.

Fuel remains the airline’s most significant cost. Fuel prices were at historical high during the first half of 2012 (although they decreased significantly at the end of the period) and this had a major impact on Cathay Pacific’s operating results. In the first six months of 2012, the Group’s fuel costs (disregarding the effect of fuel hedging) increased by 6.5% compared to the same period in 2011. Fuel accounted for 41.6% of total operating costs. Managing the risk associated with high and volatile fuel prices remains a key challenge. The airline’s fuel hedging programme helps to mitigate the impact of fuel price fluctuations. However, with the fuel price remaining high for the past two years, realised profit from hedging activities in the first half of 2012 fell by 59.4% compared to the same period in 2011.

In the first six months of 2012, the passenger business of the Cathay Pacific Group was affected by pressure on yields against the background of increased fuel prices and higher operating costs. Revenue for the period was HK$34,713 million, representing an increase of 9.2% compared to the same period in 2011. Capacity increased by 6.9%. A total of 14.3 million passengers were carried by Cathay Pacific and Dragonair in the first six months, which is a rise of 8.6% compared to the same period in 2011. The load factor rose by 0.8 percentage points. Yield increased by 1.2% to HK66.1 cents. The high cost of fuel made it more difficult to operate profitably, particularly on long-haul routes operated by older, less fuel-efficient, Boeing 747-400 and Airbus A340-300 aircraft.

The Group’s cargo business was affected by continued weak demand in major markets. Cargo revenue for the first half of 2012 was down by 7.6% to HK$11,897 million compared to the same period in 2011. Yield was down by 0.4% to HK$2.41. Capacity was down by 4.3%, while the load factor was down by 4.1 percentage points to 64.3%. Demand for shipments from the Group’s two key markets, Hong Kong and Mainland China, was well below expectations, though the introduction of new hi-tech consumer electronics products in March resulted in a temporary improvement. Capacity was adjusted in line with demand. Cathay Pacific continued to develop new markets where demand warranted doing so, introducing freighter services to Zhengzhou in March and to Hyderabad in May.

Six Airbus A350-900 aircraft were ordered in January. In August, the airline agreed to acquire 10 Airbus A350-1000 aircraft and to convert 16 previously ordered Airbus A350-900 aircraft into Airbus A350-1000 aircraft which has a bigger capacity and longer range. The Cathay Pacific Group will take delivery of 19 aircraft in 2012 which will help to improve the operational efficiency of the fleet. In view of their high operating costs when fuel prices are high, the retirement of the airline’s Boeing 747-400 passenger aircraft has been accelerated. Three Boeing 747-400BCF freighters have also been withdrawn from service in order to reduce costs.

In May, Cathay Pacific announced its intention to reduce some passenger services on transpacific routes. This will enable fuel-efficient Boeing 777-300ER aircraft to operate on routes currently served by older less fuel efficient Boeing 747-400 aircraft. The Group remains committed nevertheless to maintaining its network and has increased some services in Asia, where demand is relatively robust. Dragonair introduced or resumed flights to six destinations – Xi’an, Guilin, Clark, Jeju, Taichung and Chiang Mai – and will introduce flights to Kolkata and Haikou later in the year. Cathay Pacific continues to improve products and services in the air and on the ground. A new Premium Economy Class was launched alongside new long-haul Economy Class seats. The airline also continued to install its popular new Business Class on long-haul services. Cathay Pacific was proud to be named World’s Best Business Class in the 2012 World Airline Awards organised by Skytrax.

Cathay Pacific Chairman Christopher Pratt said: “Aviation will always be a volatile and challenging industry and our business will always be subject to factors, including economic fluctuations and fuel prices, which are beyond our control. The cost of fuel is the biggest challenge, although the recent reduction in the fuel price will, if sustained, provide welcome relief. We will continue to take whatever measures are necessary to protect the business, managing short-term difficulties while remaining committed to our long-term strategy. Our financial position remains strong and we are in a good position to deal with our current challenges. We will continue to invest in the future, using our core strengths – a superb team, a strong international network, exceptional standards of customer service, a strong relationship with Air China and our position in Hong Kong – to ensure the continued success of the Cathay Pacific Group.”
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Old August 13th, 2012, 03:58 PM   #2656
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Old August 16th, 2012, 05:42 PM   #2657
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Old August 16th, 2012, 05:45 PM   #2658
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Passionate pilots on cloud nine
The Standard
Wednesday, August 15, 2012



Dragonair welcomed 15 new pilots last month. For five of them, graduation from the airline's cadet pilot program was the culmination of dreams formed at a young age.

Each year, Dragonair receives 700 to 1,000 applications for its pilot training program, but only three batches of 12 are chosen, with fewer than half graduating.

One of those whose dreams came true is Oscar Wan Chi-yiu, 27.

"I grew up watching planes landing at Kai Tak Airport, so from the age of five, I was determined to become a pilot," he said.

Wan applied to both Cathay Pacific Airways and Dragonair in 2006 but was rejected.

Instead he decided to work as an engineer in a clean energy company for five years before making a second attempt.

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During that time, he took part in activities and courses related to aviation and hand-eye coordination. "I never gave up on my dream of wanting to be a pilot," Wan said.

His childhood aspirations were shared by Dennis Law Ding-shan, who also developed an intense interest in aviation at a young age.

Like Wan, he too failed on his first attempt, but managed to get in on a second try.

"My parents have been very supportive, [calling out] `our son is a pilot' at the graduation ceremony," Law said.

Asked what it takes to be part of the cadet pilot program, all five dreamers chanted in unison one word - "passion."

"It takes a lot of persistence to develop a career in aviation, and knowledge in the subject, developed from passion, definitely gives you an edge," said graduating pilot Kimberly Kwok Pui-ying.

She advised those interested in the job to assess their strengths and weaknesses, and said women applicants in particular should exercise more to be physically fit for the job.

There are 11 women among Dragonair's 421 pilots.

"We have no preference for gender as long as they are capable," said crew resources manager Doris Au Nim-ying. "But I did notice more women are applying for the program now."

The training program was launched in 1986. Those interested may apply online, and would go through written and aptitude tests, two rounds of interviews and flight grading in Australia.

The job requires good eyesight and physical strength, as well as a good command of English.

Successful applicants will be sent to Adelaide and Zhuhai for ground and flight training for 60 weeks. Once completed, they should have about 210 hours of flying experience, Au said.
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Old August 21st, 2012, 05:58 PM   #2659
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Old August 22nd, 2012, 06:15 PM   #2660
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Cathay Pacific introduces signature Chinese dishes to enhance inflight experience
22 August 2012
Press Release





Cathay Pacific today announced the introduction of the new “Cathay Pacific Signature Chinese Dishes” on its inflight menus. The dishes, follow authentic Chinese recipes and traditional taste, have been specially created by culinary experts to be enjoyed in the cabin environment.

The new dishes are being served to Business, Premium Economy and Economy Class passengers on selected flights from Hong Kong to long-haul destinations and feature Hong Kong specialities and traditional tastes.

From August to October, six selected dishes are being served. Business and Premium Economy Class passengers can enjoy slow cooked pork belly with preserved Hakka mustard greens; wok-fried chicken with black bean; and Hong Kong-style curry prawns. The featured dishes in Economy Class are braised fish with ginger, spring onion, mushroom and steamed jasmine rice; braised beef with tendon in chu hou sauce on steamed jasmine rice; and braised minced pork with eggplant in mild chilli sauce on steamed jasmine rice.

All the carefully designed signature dishes capture the essence of traditional local Chinese cuisine in terms of cooking style, ingredients, taste and appearance. More dishes will be introduced in the coming months and the Signature Chinese Dishes will be extended to regional routes from November.

To further enhance the inflight dining experience, the recently introduced dishes are being complemented by new tableware including rice served in a traditional rice bowl in Business Class and main hot entree presented in a china serving dish in Premium Economy Class.

Cathay Pacific Director Service Delivery Philippe de Gentile-Williams said: “As the home carrier of Hong Kong, Cathay Pacific not only provides premium services to passengers but also takes great pride in promoting the best elements of local Chinese cuisine to travellers from Hong Kong and around the world. The new signature dishes capture the true essence of local Chinese cuisine and we are sure passengers will appreciate these additions to our inflight menus.”

Cathay Pacific strives to provide the best inflight experience and is always looking to introduce new dining elements for its passengers. The Hong Kong carrier was recently named “Best Airline – Food and Wine” in the Frequent Business Traveler GlobeRunner Awards, recognising the great effort of the Cathay Pacific catering team and the inflight kitchens of Cathay Pacific Catering Services in Hong Kong, and the caterers in other destinations to which the airline flies.
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