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Old October 12th, 2017, 06:35 PM   #3481
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Old October 16th, 2017, 09:27 PM   #3482
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Airbus A350 & Boeing 777 by Victor, on Flickr
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Old October 21st, 2017, 07:21 PM   #3483
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Cathay Pacific releases combined traffic figures for September 2017
Cathay Pacific Airways today released combined Cathay Pacific and Cathay Dragon traffic figures for September 2017 that show a decrease in the number of passengers carried and an increase in cargo and mail uplifted compared to the same month in 2016.
Press Release Excerpt

Friday, October 20, 2017 — Cathay Pacific and Cathay Dragon carried a total of 2,639,559 passengers last month – a decrease of 1.2% compared to September 2016. The passenger load factor dropped 2.3 percentage points to 81.0%, while capacity, measured in available seat kilometres (ASKs), increased by 2.4%. In the first nine months of 2017, the number of passenger carried increased by 0.1% while capacity rose by 2.0%

The two airlines carried 177,691 tonnes of cargo and mail last month, an increase of 9.6% compared to the same month last year. The cargo and mail load factor rose by 3.1 percentage points to 68.1%. Capacity, measured in available cargo/mail tonne kilometres, was up by 2.6% while cargo and mail revenue tonne kilometres (RTKs) increased by 7.5%. In the first nine months of 2017, the tonnage rose by 11.6% against a 3.2% increase in capacity and a 9.3% increase in RTKs.

Cathay Pacific Director Commercial and Cargo Ronald Lam said: “Strong frontend momentum proved to be the driver for our passenger business in September, which was a result of growing demand for business traffic. After a generally lacklustre start, which was reflected by a low load factor, backend demand steadily increased and was strong in the lead up to the National Day and Mid-Autumn Festival holiday week in early October. Headwinds in the form of revenue decline persisted in several of our key long-haul markets, although our routes to Japan proved particularly popular, with a significant increase in demand recorded.
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Old October 24th, 2017, 05:56 PM   #3484
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Reuters Excerpt
Oct. 24, 2017
Pilot recruiter Longreach scraps Hong Kong roadshow, citing "roadblocks"

HONG KONG, Oct 24 (Reuters) - Recruiter Longreach Aviation has been forced to cancel a Hong Kong roadshow that scores of Cathay Pacific pilots had planned to attend, and is seeking legal advice how to get around its “roadblocks”, according to two emails seen by Reuters.

The move comes amid media reports, citing recuitment agencies, that about 200 pilots of Hong Kong’s dominant airline are weighing up job options with mainland Chinese carriers as it embarks on a major cost-cutting drive that has hit benefits.

“At the 11th hour, roadblocks were put in our way and although we have been advised that we are compliant with HK law, we have also been advised it is better to cancel, rather than proceed, until the issues have been resolved,” Longreach China told a Cathay pilot in one of the emails.

“We have received legal advice today and unfortunately we are unable to proceed with the events as planned,” Longreach China said in another email. “We have had no option other than to cancel.”

It was not clear what issues the legal advice was related to, or in what way the roadshow may have been illegal.

The emails to Cathay Pacific pilots could not immediately be verified and Longreach China did not respond to a request for comment. Cathay said it had “no knowledge of such development”.

More : https://www.reuters.com/article/long...-idUSL4N1MZ2WM
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Old October 29th, 2017, 04:13 PM   #3485
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Old November 1st, 2017, 08:54 PM   #3486
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Cathay Dragon boosts mainland China network with new service to Nanning
Airline to serve the capital of Guangxi from January with a four-times-weekly service from Hong Kong
Press Release Excerpt

Wednesday, November 1, 2017 — Cathay Dragon announced today that it will commence a new four-times-weekly service between Hong Kong and Nanning in Guangxi beginning 8 January 2018, further strengthening the airline’s network in mainland China.

Known as the “Green City” on account of the abundance of lush tropical greenery that is a hallmark of this regional capital of over seven million people, Nanning is an important economic hub and China’s gateway to the Association of Southeast Asian Nations (ASEAN). The city hosts the annual China-ASEAN Expo.

The new service will be operated by the airline's fleet of Airbus A320 aircraft in a two-class configuration.
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Old November 7th, 2017, 01:24 PM   #3487
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B-LRN A350 Hong Kong by Colin Parker, on Flickr

B-LJN 747-8F by Colin Parker, on Flickr

Cathay Pacific B-HNK - Spirt of Hong Kong by kuni4400, on Flickr

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Old November 10th, 2017, 03:40 AM   #3488
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Hong Kong Economic Journal Excerpt
Nov 6, 2017
Kingboard jumps out of Cathay flight

Paul Cheung Kwok-wing, chairman and founder of Kingboard Chemical Holdings Ltd. (00148.HK), had thought he had booked a good flight on Cathay Pacific Airways Ltd. (00293.HK), but the take-off proved a long wait for him so he decided to give his seat to someone else.

There were no complaints because he made about HK$800 million in less than a year, but his investors would have been happier if he had chosen to put his HK$4.3 billion investment in Tracker Fund instead.

That, in a nutshell, is what is happening at Cathay Pacific. Minority shareholder Kingboard has announced that it is selling its entire 9.61 percent stake in the airline to Qatar Airways for HK$5.16 billion. The transaction price of HK$13.65 a share is 3 percent above last Friday’s closing price.

That’s a lot of money for 61-year-old Cheung, who has boasted that he has not incurred any losses in his two decades of investing.

Things started getting sour when Cathay, which he had called a “once-in-a-lifetime investment opportunity with a strong future ahead”, dipped below the entry price.

But he managed to sell to the Middle Eastern carrier at a 20 percent profit, which is pretty surprising considering that his investment in Cathay was less than a year old.

Last December, investors scratched their heads after Kingboard disclosed an initial purchase of a 5 percent stake in Cathay because it was an unsolicited acquisition from the perspective of majority shareholders Swire Pacific Ltd. (00019.HK, 00087.HK) and Air China Ltd. (00753.HK), which together own nearly 75 percent.
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Old November 18th, 2017, 08:56 AM   #3489
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Cathay Pacific releases combined traffic figures for October 2017
Press Release Excerpt

Thursday, November 16, 2017 — Cathay Pacific and Cathay Dragon carried a total of 2,924,762 passengers last month – an increase of 6.0% compared to October 2016. The passenger load factor dropped 0.2 percentage points to 81.3%, while capacity, measured in available seat kilometres (ASKs), increased by 4.6%. In the first ten months of 2017, the number of passenger carried increased by 0.7% while capacity rose by 2.3%.

The two airlines carried 180,706 tonnes of cargo and mail last month, an increase of 4.8% compared to the same month last year. The cargo and mail load factor rose by 1.2 percentage points to 69.3%. Capacity, measured in available cargo/mail tonne kilometres, was up by 2.4% while cargo and mail revenue tonne kilometres (RTKs) increased by 4.2%. In the first ten months of 2017, the tonnage rose by 10.8% against a 3.1% increase in capacity and an 8.7% increase in RTKs.

Cathay Pacific Director Commercial and Cargo Ronald Lam said: “Our performance in the first half of the month was boosted by an increase in leisure travel demand around a number of public holidays in the region, including National Day and the Mid-Autumn Festival, from our key sales territories of mainland China, Korea and Taiwan. Premium traffic maintained its momentum across most of the network, achieving good growth on the back of strong demand and additional capacity, although long-haul yield continues to come under pressure from intense competition.
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Old November 18th, 2017, 07:48 PM   #3490
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IMG_3474 by Marco Knickenberg, on Flickr
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Old November 21st, 2017, 05:17 AM   #3491
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Cathay opening Israel office, to operate daily flights
Globes Excerpt
Nov 19, 2017

Cathay Pacific Israel manager Jonathan Bailey said the carrier was surprised by the strong demand for business class seats on the Tel Aviv - Hong Kong route.

Eight months after beginning operations in Israel, Cathay Pacific is planning to operate a daily flight next year on the Tel Aviv-Hong Kong route, instead of 4-6 weekly flights, as at present. The airline is planning to open an official office in Israel, Jonathan Bailey, Cathay Pacific's manager for Israel, told "Globes."

Next April, the company will increase its weekly flights on the route to six. All of the flights will be on the state-of-the-art Airbus A-350-900 airliner. Bailey says that the company will receive an even more advanced plane next year - the A-350-1000, with 10% more seats, and will potentially use it on the Tel Aviv-Hong Kong route.

"The company's agenda is to allocate airliners to destinations for which we see strong demand, and it can therefore be assumed that we will also increase the frequency of the flights to daily," Bailey says, mentioning the high proportion of available tickets sold on the route.

"Globes": Were you surprised at the response and the demand?

Bailey: "Before we entered the Israeli market, we conducted studies, and predicted that there would be demand for competition on the route. We expected to take a share of the existing passengers on the route, but we also knew that we had a strong point - continuation flights from Hong Kong to Australia and Japan with the same company, and most of our passengers do continue on connection flights. The segment that surprised us was business class, both in comparison with other countries and with the forecasts. Demand for business class was huge. The feeling is that the passengers, especially businessmen who fly a lot, appreciate what they get for their money. We brought a service and product here on a level that was previously unknown on this route."

Did you take market share away from the competitor on the route (El Al), or did the number of passengers flying to Hong Kong increase?

"Both of those are true. We are experiencing an increase in the number of people flying to Hong Kong, but we'll take action to further increase this number and promote Hong Kong as a leisure tourist destination, not just for a business customer. Hong Kong offers beaches, topnotch hotels, and entertainment for the whole family, including a Disney park. At the same time, we'll increase traffic to destinations in northern Asia on continuation flights. Here, for example, we were surprised at the number of passengers who continue with us to Japan. Our prediction did not match the actual number which was double as a second leading destination for us after Hong Kong. These are mostly leisure tourism passengers on group trips. The low exchange rate of the yen may be contributing to this." Other prominent destinations on continuation flights mentioned by Bailey are Australia, Singapore, and New Zealand.
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Old November 24th, 2017, 02:40 PM   #3492
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Cathay Pacific A350 by joolsgriff, on Flickr
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Old November 29th, 2017, 04:14 AM   #3493
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Nov 24, 2017
Hong Kong Economic Journal Excerpt
Cathay Pacific labor row may drag on as holiday season nears

A dispute between Cathay Pacific management and pilots has threatened to drag on, although both sides hope to reach an agreement soon.

According to a notice issued by the Hong Kong Aircrew Officers’ Association (HKAOA) to its members, negotiations with management over pilots’ pay and benefits started four months ago, but no consensus has been reached yet, hk01.com reports.

The HKAOA, which represents the airline’s pilots and flight engineers, expressed fears that the company may take a unilateral action and go ahead with its plan to change the employees’ benefits without their consent.

The association is planning to invite the pilots to a vote next month to decide whether a further industrial action would be launched, according to a media report.

In response to the report, the HKAOA issued a statement on Thursday night to say that it does not have any plan to go on strike.

The motion to launch further industrial action responds specifically to the possible unilateral means that the airline might adopt, the association said.

It said it hopes to discuss with the company its proposals and reach a consensus.

An industrial action is the last thing it wants to see, the HKAOA added.

The airline sacked about 600 employees in the first half of this year as part of its ongoing restructuring efforts.
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Old November 30th, 2017, 11:12 AM   #3494
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Old December 1st, 2017, 05:52 PM   #3495
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Old December 4th, 2017, 05:40 AM   #3496
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Cathay Pacific Cargo B-LIA by Howard Pulling, on Flickr
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Old December 7th, 2017, 10:44 AM   #3497
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"Boost to Manchester-Hong Kong direct flights as Cathay Pacific service goes daily"

"Marking three years since its inaugural flight from Manchester to Hong Kong in December 2014, Cathay Pacific is this week boosting its direct flights into a daily service.

Increasing from five flights per week, the announcement responds to customers’ growing demand and demonstrates the airline’s confidence in the Northern Powerhouse

Talking about the increase in frequency, James Ginns, Cathay Pacific’s Regional General Manager Europe, said: “Boosting our Manchester flights into a daily service highlights the popularity of the route and the global importance of the Northern Powerhouse.

“We are delighted to be part of the journey in forging further links between the North West, Asia and beyond. The Northern Powerhouse and Hong Kong share a parallel focus on science, innovation, technology and the arts; both dynamic cities are built on hard-working, business-savvy communities with a huge appetite for arts and culture. We would like to take this opportunity to thank those living in the region who have helped to make the route such a success.”


Stephen Turner, Commercial Director at Manchester Airport, added: “For Cathay Pacific to go daily from Manchester Airport is a clear indication of the need, and desire, from across our catchment area to access Hong Kong directly.

“The route provides easy access for leisure and business travellers, plus unlocks a host of economic opportunities for both destinations. We are delighted how popular the route has been in its three years of operation, and look forward to working with the airline as it grows from the UK’s global gateway in the North.”

Whether travelling for business or leisure, people in the North West can enjoy a seamless connection via Hong Kong to over 190 other key destinations in Asia, Australia and New Zealand. Those travelling from Manchester to Hong Kong can experience Cathay Pacific’s signature heartfelt service onboard its state-of-the-art Airbus A350 aircraft.

Committed to helping its customers live a Life Well Travelled, Cathay Pacific’s new Airbus A350 aircraft offers enhanced inflight products, onboard Wi-Fi and advanced technologies for added relaxation and enjoyment on long-haul journeys."

Full story...

https://www.traveldailynews.com/post...ice-goes-daily
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Old December 10th, 2017, 10:58 AM   #3498
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Old December 12th, 2017, 08:40 PM   #3499
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Cathay Pacific backs down, extends pilot housing allowances for a year
Excerpt

Dec 11 (Reuters) - Cathay Pacific Airways has extended payment of housing allowances to its pilots for another year, backing down from a plan to cut the stipend as the busy holiday travel period looms and amid poaching attempts by its rivals.

The loss-making Hong Kong airline is undertaking a transformation programme aiming for HK$4 billion in savings over three years, but its plan to cut housing allowances worth up to HK$100,000 ($12,807.38) a month for the most senior pilots had angered its pilot workforce.

“There was indeed a risk of industrial action which would have caused flight disruptions that would have a greater financial impact on Cathay during the current peak season,” said Corrine Png, the CEO of transport research firm Crucial Perspective, adding it was “challenging to take back these benefits without facing huge resistance”.

Recruiters from Chinese airlines have flocked to Hong Kong to try and poach Cathay pilots. Many are expatriate Australians, Americans and Britons who were concerned that they could be priced out of living in one of the world’s most expensive cities.

The housing allowances were due to expire on Dec. 29, but Cathay said on Monday it would provide “similar assistance” for the next 12 months to allow time to agree to a new scheme with the pilots union.

“The new accommodation and rental assistance arrangements...are intended to be short-term measures while we continue to pursue long-term options to lower our cost base,” Cathay said in a statement.

The airline told its pilots in September the housing allowances cost more than HK$900 million a year, according to an internal memo seen by Reuters, and proposed cuts to the payments, rather than removing the benefits entirely.

In a memo to pilots on Friday that outlined the 12-month extension and was seen by Reuters, Cathay said it was not feasible to roll over the housing arrangements for another three years “given our current financial situation”.
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Old December 13th, 2017, 09:27 PM   #3500
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Cathay Pacific to launch direct flights from Hong Kong to Washington, with journey taking under 17 hours
The new flight, on an A350 aircraft, is expected to cut at least two hours from the current route served by multiple airlines, where there is at least one stopover
December 13, 2017
South China Morning Post Excerpt

Travellers between Hong Kong and Washington can from next year enjoy a non-stop journey of under 17 hours, as Cathay Pacific Airways is expected to announce next week its direct service to the US capital.

The new flight, on an A350 aircraft, will be the first commercial direct flight to Washington from Hong Kong. It will cut at least two hours from the current route served by multiple airlines, where there is at least one stopover.

It will also be the city’s longest non-stop air route and the longest flight for Cathay Pacific, its No 1 airline.

Two different sources familiar with the matter confirmed the news of Cathay’s Washington flight with the Post on Wednesday, saying it would boost Hong Kong trade and tourism links with the rest of the world.
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