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Old November 8th, 2005, 05:28 PM   #541
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Cathay Pacific Airways targets Thai visitors to Hong Kong's Disneyland
8 November 2005
Thai News Service

Corporate News - Cathay Pacific Airways has announced a new package to encourage more Thais to visit Hong Kong Disneyland, The Nation reports.

With prices starting at Bt19,300 per person, packages include a return Bangkok-Hong Kong ticket, Hong Kong airport tax, Hong Kong security charge, fuel surcharge, a single-day pass to Hong Kong Disneyland, two nights' hotel accommodation - with one night at the Disney Hotel and one night at a designated central-city hotel - and round-trip transport between the airport, the hotel and Disneyland.

Packages are available to next March 31. Passengers flying with this package can select their own hotel, either in Kowloon or on Hong Kong Island. Yongyut Lujintanon, Cathay Pacific's sales and marketing manager for Thailand and Burma, said the airline hoped to attract 1,000 Thai tourists during the campaign.

The airline has also announced a Fly and See Hong Kong International Races package. The races will be held from December 7 to 11 at the Sha Tin Racecourse. package are priced from Bt21,100 and are available from now to November 18, with travel between December 6 and 11.

The airline's ongoing Hong Kong Super City promotion, available to next March 31, includes a round-trip Bangkok-Hong Kong ticket, two nights' hotel accommodation with airport transfer and Hong Kong security charge, all starting at Bt13,540.

Cathay Pacific Airways operates 35 flights per week from Bangkok to Hong Kong. The airline is working closely with the airport authority in Hong Kong to ensure full preparations for avian flu. It also coordinates with Hong Kong's Centre for Health Promotion and other experts to keep itself updated.
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Old November 9th, 2005, 05:03 PM   #542
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Cathay Pacific to operate daily services from Mumbai, Delhi
8 November 2005
The Press Trust of India Limited

New Delhi, Nov 8 (PTI) Hong Kong's Cathay Pacific would operate daily services from Delhi and Mumbai from December during the winter schedule.

It would introduce 12 additional flights for this purpose.

The airline now operates four flights a week each to the two metropolises and would increase the frequencies to seven from next month till January, it said in a release.

The carrier is also offering passengers up to two nights free stay at a resort or a hotel in Disneyland on the Lantau Island, besides a free day pass for the theme park, the release said adding that this special offer was valid till December 15.
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Old November 10th, 2005, 12:32 PM   #543
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10 November 2005

Cathay Pacific releases October 2005 traffic figures


Cathay Pacific Airways today released traffic figures for October 2005 which show a rise in passenger numbers and an increase in cargo tonnage over the same period last year.

The airline carried 1,306,116 passengers in October, an 11.9 percent increase on the same month last year. The passenger load factor was 76.3 percent, down 1.3 points year-on-year. Traffic was a little suppressed by fewer people travelling during the Muslim holiday of Ramadan. Yield, the amount paid for every passenger kilometre flown, remained depressed as customers continued to book late in an environment of aggressive ticket pricing.

Cathay Pacific carried 103,962 tonnes of cargo in October, up 14.8 percent year-on-year, boosted by an increase in transhipment cargo to and from Shanghai. The cargo load factor was 69.9 percent, down 1.4 points reflecting weak demand for exports from Europe and the US to Asia.

Figures for Hong Kong’s air cargo market show slower underlying export growth. Hong Kong export volumes increased 5.7 percent, according to October figures issued by Hong Kong Air Cargo Terminals Limited (HACTL), while transhipments increased 20.0 percent. Worldwide cargo figures issued by industry group IATA also show a slowdown in air cargo growth.

Market jet fuel prices have increased more than 43 percent in the past year and remained high in October, at almost US$80 a barrel, compared to US$64 for Brent crude. Into-plane prices paid by the airline are higher still with added fuel transportation costs.

The price of jet fuel is higher than that for crude oil because it is obtained from only a small fraction of refined crude. High demand for petrol can also prompt refineries to reduce jet fuel production, further raising its cost. Analysts say jet fuel demand, and prices, have dipped slightly in the past month as fewer people travelled to and from hurricane-hit areas in the United States, yet may rebound with the peak holiday travel season in the US, starting late November with Thanksgiving.

Cathay Pacific will continue to expand its services and hopes to soon operate a daily service to Rome, following the Hong Kong SAR Government’s announcement today it has secured additional flight rights to the Italian capital. The airline currently operates five Rome flights a week.

Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said:
"October was not a bad month, yet still below expectations. Competition was keen on key routes and we filled flights but at reduced prices. Bookings for early November look good, but slacken off again just ahead of the year-end holiday peak.”

Cathay Pacific Director & General Manager Cargo Ron Mathison said: “Even though we are now entering the busiest time of the year for air cargo, there are signs of weakening demand, most likely a result of high fuel prices dampening the economy. Yields are under pressure as a result of a large increase in competitor capacity and we remain concerned about the impact of high jet fuel prices on our business.”
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Old November 10th, 2005, 05:48 PM   #544
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Cathay will reduce the impact of the low-season in October once it flies to more destinations in China and take advantage of the Golden Week holiday travellers.
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Old November 15th, 2005, 05:29 PM   #545
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Cathay Pacific to operate daily flights to New Delhi, Mumbai
15 November 2005

HONG KONG (AP) - Cathay Pacific Airways said Tuesday it will operate daily flights to New Delhi and Mumbai for the next two months as India temporarily lifted its cap on flights during the country's peak travel season.

Cathay, Hong Kong's biggest carrier, said the service will be available from Dec. 1 to Jan. 31. The airline now operates four flights a week to both cities.

Cathay currently flies to Mumbai via Bangkok, Thailand, and continues to Dubai in the United Arab Emirates. All three additional flights will stop in Bangkok but only one of them will continue to Dubai, the airline said.

The carrier operates nonstop flights to New Delhi.
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Old November 17th, 2005, 03:08 AM   #546
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Cathay Pacific Wins Three World Travel Awards, Including 'Asia's Leading Airline'

SAN FRANCISCO, Nov. 14 /PRNewswire/ -- Cathay Pacific Airways has added to its list of major awards this year by lifting three titles in the annual World Travel Awards -- one of the most prestigious events on the travel industry's calendar. Cathay Pacific was awarded "Asia's Leading Airline," "Asia's Leading Business Class Airline," and "World's Leading Use of In-flight Technology" at a glittering black-tie ceremony on Sunday night at the Royal Opera House, Covent Garden, London.

Award winners were based solely on the result of a world-wide poll of travel industry professionals in more than 140 countries. Voting ran from May through September this year with more than two million ballots cast online. Finalists were whittled down from 3,500 initial nominations.

"Winning three awards 'Asia's Leading Airline,' 'Asia's Leading Business Class Airline,' and 'World's Leading Use of In-flight Technology,' is testament to Cathay Pacific's world-class commitment to the travel industry," said Graham Cooke president and founder of the World Travel Awards. The World Travel Awards cover all sectors of the global travel industry. The awards date back to 1993 when Mr. Cooke saw the need for a truly worldwide ceremony that rewarded an increasingly globalized industry. "Voted for independently by travel professionals worldwide, our award winners are having a major impact and influence on the world's travel and tourism industry. They are the true innovators and benchmarks for our trade, especially in the areas of customer service, technology, operational efficiency, product offering and style," said Mr. Cooke.

Earlier this year Cathay Pacific won the endorsement of global travelers when named "Airline of the Year 2005" in the world's biggest passenger poll conducted by UK-based Skytrax Research. Cathay Pacific was last month named "Airline of the Year" by regional travel trade members in the TTG Asia Travel Awards.

Cathay Pacific Chief Executive Philip Chen said: "Winning not one, but three, World Travel Awards is a rare honor. To come top in global polls of both passengers and travel professionals in the same year reflects our commitment to set the industry standard for service and is a tribute to the hard work and commitment of all our staff. As the airline of Hong Kong we will continue to work to strengthen the city as a global hub and gateway to the Chinese Mainland."

CATHAY PACIFIC TO COMMENCE BEIJING CODESHARE FLIGHTS

Cathay Pacific Airways' new code share services to Beijing with Air China took off on October 30, offering wider customer choice and strengthening Hong Kong's gateway position to the Chinese Mainland. Air China will place its code on 10 weekly Cathay Pacific flights to the capital and Cathay Pacific will do the same on three daily return flights operated by the national carrier.

At the same time, a partnership between each airline's frequent flier program will come into effect. Full membership benefits, including miles accumulation and redemption, will be granted to passengers ticketed on both carriers, as will lounge access to qualifying passengers. The combined membership of the Air China Companion and Asia Miles rewards programmes totals almost 6 million customers. Cathay Pacific acquired a 10 percent strategic shareholding in Air China at its initial public offering last year in Hong Kong.

CATHAY PACIFIC TEAMS UP WITH SONY COMPUTER ENTERTAINMENT HONG KONG LIMITED ON LOUNGE GAMEZONE

Cathay Pacific Airways recently launched a unique collaboration with Sony Computer Entertainment Hong Kong Limited (SCEH) to create a "GameZone" in its flagship Hong Kong departure lounge, The Wing. This is the first time that SCEH has teamed up with an airline on such a project in Hong Kong.

Equipped with some of the latest games, the GameZone will offer passengers -- both children and adults -- a total mood contrast to the tranquillity of the rest of the lounge environment, which will still be preserved with the help of noise-reduction headphones on game consoles. Working with SCEH, There will be 11 popular game software titles such as the world's best selling real driving simulator "GRAN TURISMO(R)4", motion sensitive game to bring users new experience "EyeToy: Play2", the newest product of the series with the most mischievous monkeys "Ape Escape 3", "Gundam vs Z Gundam" and "Taiko No Ta Tsuujin Super Animeith", in which passengers can try out as a rock band drummer.

Cathay Pacific Director Service Delivery Quince Chong said: "As part of our ongoing commitment in search for service excellence, we are proud to introduce a new element in our award-winning lounge, The Wing. Cathay Pacific's GameZone provides a unique diversion for our young passengers -- along with their young-at-heart parents and no doubt business travellers keen to let off a bit of steam before relaxing in-flight. It's just another difference to our service that makes Cathay Pacific the airline of the year*."

Cathay Pacific's two premium lounges, The Wing and The Pier, at the Hong Kong International airport provide abundant space for passengers to relax and plenty of choice for those looking to eat before their flight. Both The Wing and The Pier were named "The World's Best Airline Lounges", "Best First Class Lounge" and "Best Business Class Lounge" in the Skytrax Research for 2004 and 2005.

ONLINE PROMOTIONS

November Deal of the Month -- explore Vancouver, B.C. starting from just US$223*!

Fly roundtrip to Vancouver, Canada from New York (JFK) starting at US$223* (including fuel surcharge, taxes not included). Cross the popular Lynn Canyon Suspension Bridge or take a trip to Vancouver Island for some delicious seafood. Discover Vancouver's breathtaking beauty no matter where you venture to. This offer is only available for purchase online at our Deal of the Month website between November 1, 2005 and November 30, 2005, 11:59pm PST (or until deemed sold out) for travel completed between November 1 and December 30, 2005. *See complete details at http://www.cathayusa.com. .

About Cathay Pacific:

Cathay Pacific Airways Limited is one of the world's leading passenger and cargo airlines, serving more than one million customers a month to Asia, Europe and North America. The carrier offers daily non-stop service to Hong Kong and beyond from New York, Los Angeles and San Francisco. Headquartered and founded in Hong Kong in 1946, Cathay Pacific and its two major shareholders are listed on the Hong Kong Stock Exchange. Cathay Pacific is a member of the oneworld(TM) alliance, which includes Aer Lingus, American Airlines, British Airways, Finnair, Iberia, Lan Chile and Qantas.

* Cathay Pacific was voted 'Airline of the Year 2005' in the world's largest passenger poll conducted by UK-based Skytrax Research.
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Old November 18th, 2005, 03:29 AM   #547
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Cathay wins nod to raise surcharge as jet fuel slips

Cathay Pacific Airways, Hong Kong's de facto flag carrier, has obtained approval to raise surcharge on long- and short-haul tickets next month to help offset fuel costs, despite jet kerosene prices falling since last month.

Alman Loong
Hong Kong Standard
Friday, November 18, 2005

Cathay Pacific Airways, Hong Kong's de facto flag carrier, has obtained approval to raise surcharge on long- and short-haul tickets next month to help offset fuel costs, despite jet kerosene prices falling since last month.

The surcharge, which was approved by Hong Kong's Civil Aviation Department, will be increased to HK$383 for each single-trip ticket, up 8.5 percent from the current HK$353.

Cathay Pacific also will increase the short-haul flights surcharge from HK$91 to HK$93.

The department said it also approved surcharge extensions for eight airlines on short-haul flights, including Hong Kong Dragon Airlines, China Eastern Airlines, China Southern Airlines and Air China. The extensions will expire on January 31 next year.

The approvals were granted even though jet kerosene prices have declined by almost 25 percent since the beginning of October.

Jet kerosene prices rose almost 12 percent in September to US$78.39 (HK$611.44) a barrel in Singapore, but have been falling since the beginning of October, according to energy information provider Platts.

Airlines worldwide are passing on some of the increased fuel costs to passengers to help ease shrinking profit margins. Cathay Pacific has raised surcharges four times this year, including the latest levies.

Cathay Pacific chief executive Philip Chen earlier said the airline's fuel expenses rose 50 percent to HK$7.84 billion last year and fuel costs now make up more than 30 percent of its operating costs, up from 24 percent in 2004.

Merrill Lynch said in a research report this month that the fuel surcharges levied by Cathay Pacific remained below that of several major competitors, such as US$50 on long-haul flights by Singapore Airlines, US$51 by British Airways and US$55 by Qantas.

The investment bank said the market is expecting jet kerosene prices to be about US$75 to US$76 a barrel in 2006.

It estimates that each US$1 drop in the jet kerosene prices reduces Cathay Pacific's fuel bill by around HK$195 million per annum.

If jet fuel price remains around its current level of US$65 a barrel into 2006, Merrill Lynch said it may increase Cathay Pacific's earnings forecast. It estimates the carrier to post HK$3.4 billion for full-year 2005.
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Old November 19th, 2005, 10:40 PM   #548
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DFW International Airport Welcomes Cathay Pacific Cargo
New Direct Service to Hong Kong Spurs More Economic Growth for North Texas
300 Metric Tonnes of New Asian Cargo Per Week to DFW

18 November 2005

DFW INTERNATIONAL AIRPORT, Texas, Nov. 18 /PRNewswire/ -- DFW International Airport will welcome its newest cargo airline on Saturday as Cathay Pacific Cargo lands its first freighter aircraft at DFW. Fifty metric tonnes of cargo will arrive at DFW on each of the three weekly flights from Hong Kong. Seven million dollars of new economic activity will be generated annually due to Cathay Pacific's new flights to North Texas.

"This new service at DFW will greatly improve our service to shippers," said Tom Wright, Senior Vice President of Americas for Cathay Pacific Cargo. "We will be accessing new markets and cutting delivery times. Expanding our U.S. network is a significant step for the airline and Hong Kong."

"DFW is proud to welcome Cathay Pacific Cargo to Texas," said Joe Lopano, executive vice president of marketing and terminal management for DFW. "This is the kind of international business growth and expansion that makes our Airport the economic engine of North Texas. We've worked very hard for eight years to bring Cathay Pacific to Texas and we're very proud and confident that DFW will become a major U.S. market for this terrific carrier."

The additional Cathay Pacific Cargo flights will boost the more than 40 percent growth rate of cargo between Asia and DFW during the past two years. The almost 16,000 tonnes of new cargo per year represents a significant increase to an already impressive 245,000 tonnes of international cargo moved at DFW annually. DFW handles 65 percent of all the air cargo in Texas.

"Hong Kong is the largest cargo hub in the world and this new flight is a critical link between our region and that corner of the world," said Bill Frainey, assistant vice president of marketing for DFW in charge of cargo development. "We continue to make a strong case to international cargo carriers that we have one of the best cargo markets in the United States. We now have six Asian cargo carriers and we believe more growth is in our future."

Upon departing DFW, the Cathay Pacific Cargo 747-400 will fly to Atlanta before returning home to Hong Kong.

In addition to 300 tonnes of products delivered to DFW each week, Cathay Pacific has hired four new employees and contracted for ground service crews which will add additional jobs to the airport community.

"The Hong Kong-DFW market grew almost 46 percent in 2004 alone," said Lopano. "The majority of DFW's cargo exports will be capital goods such as consumer electronics and oil refining equipment. Imports into DFW will consist of garments, computer equipment, and integrated circuits."

In addition Asian freighter cargo has almost doubled every two years since 1993, with 34 percent annual growth rate since 1993.

The new Cathay Pacific service will operate each Tuesday, Thursday and Saturday. On the ground for just two hours, the Cathay Pacific Cargo flight will unload cargo destined for the Midwest and Southwest before loading new cargo destined for Hong Kong and beyond.

The addition of new carriers like Cathay Pacific speaks to the vitality of the region and shippers' ability to reach more than 50 million customers within 24 hours by truck. In addition, the International Air Cargo Centre and other facilities at DFW have approximately 3 million square feet of cargo facilities, with more than 200 truck dock doors and ramp parking for eight 747s. The Airport will see the addition of 118,000 square feet of cargo facilities opening this month, and the ability to handle an additional three 747s or two A380s as Phase III of the International Air Cargo Centre is opened.

About Cathay Pacific:

Cathay Pacific Airways Limited is one of the world's leading passenger and cargo airlines, serving more than one million customers a month to Asia, Europe and North America. The carrier offers daily non-stop service to Hong Kong and beyond from New York, Los Angeles and San Francisco. Headquartered and founded in Hong Kong in 1946, Cathay Pacific and its two major shareholders are listed on the Hong Kong Stock Exchange. Cathay Pacific is a member of the oneworld(TM) alliance, which includes Aer Lingus, American Airlines, British Airways, Finnair, Iberia, Lan Chile and Qantas.

About DFW International Airport

Located halfway between the cities of Dallas and Fort Worth, Texas, DFW International Airport is the world's third busiest, offering nearly 2,000 flights per day and serving 59 million passengers a year. DFW International Airport provides non-stop service to 135 domestic and 39 international destinations worldwide. For the latest news, real-time flight information, parking availability or further details regarding the many services provided at DFW International Airport, log on to http://www.dfwairport.com/ .

DFW International Airport

Web site: http://www.dfwairport.com/
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Old November 20th, 2005, 05:23 PM   #549
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16 November 2005
Corporate Press Release
Cathay Pacific launches ‘upstream’ check in service on Chinese Mainland

Cathay Pacific Airways today checked in its first passenger taking a flight from Hong Kong International Airport – at a Chinese Mainland ferry pier in Shekou. Baggage was checked, a boarding pass issued and customs and immigration were cleared, allowing the passenger to step straight from the ferry to their flight, stopping only for some leisurely duty free shopping.

This first ever “upstream” airline check-in service strengthens Hong Kong’s role as a gateway to the Chinese Mainland and a global aviation hub by creating seamless connections between the Pearl River Delta (PRD) region and international flights at Chek Lap Kok airport. Passengers using the service can check in at Shekou for any Cathay Pacific flight to more than 90 destinations worldwide.

Cathay Pacific Director Service Delivery Quince Chong said: “Cathay Pacific has pioneered through-check services for passengers to and from the Chinese Mainland for more than 10 years. The launch of the check-in service in Shekou marks another significant milestone in our continuous effort to strengthen sea-to-air transportation links between Hong Kong and the Chinese Mainland, and bolster Hong Kong’s status as the global aviation hub and the predominant gateway to the Mainland.”

Ms Chong added: “Flying Cathay Pacific has never been easier for Pearl River Delta passengers. The SkyLink service makes Hong Kong the home airport for passengers in Shekou, and we hope in other key cities soon. We are bringing our international flight services a great deal closer to our passengers in the Delta region, expanding our catchment area in the Chinese Mainland and making flying via Hong Kong a convenient ‘one-stop service’ by streamlining customs procedures.”

The service, which formally commenced today at the Shekou Passenger Ferry Terminal in Shenzhen, is provided by SkyLink Passenger Services Company, a joint venture between Cathay Pacific, the Hong Kong Airport Authority and Hong Kong International Airport Services.

About one million Mainland passengers use the sea-to-air connection every year. An estimated 300,000 passengers will use the upstream check-in services at Shekou each year – and one third of them will fly from Hong Kong on Cathay Pacific.

There are 12 ferry services from Shekou to Hong Kong airport each day and plans to extend the upstream check-in services to Macau, Fuyong (Shenzhen), Zhongshan and Dongguan.

Ferry services from these cities in the PRD to the airport have been in operation since September 2003. Check-in and immigration formalities were handled at the Hong Kong airport SkyPier terminal. The new upstream check-in service will save passengers the trouble of having to claim their bags for check-in at the airport ferry pier and speed up the process of transiting to their flight.
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Old November 21st, 2005, 04:46 AM   #550
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18 November 2005
Corporate Press Release
Cathay Pacific Supports Airline Presidents' Resolution To Seek Government Action On Fuel Savings



Asia Pacific airlines, including Cathay Pacific Airways, the airline of Hong Kong, today pledged their support to an Association of Asia Pacific Airlines (AAPA) resolution calling for governments to end the waste of precious resources caused by unnecessary air traffic delays and inefficient routes that force aircraft to follow indirect flight paths.

"The AAPA believes that governments must take immediate action to deliver the change that everyone needs," said Cathay Pacific Chief Executive Philip Chen, who chaired the 49th Assembly of Presidents of the AAPA in Hong Kong.

"Cathay Pacific and carriers in the Asian Pacific region are working actively to reduce fuel consumption. Tremendous savings would be made if airlines could operate on more direct routes. Small changes to straighten airways would make a huge difference to save money, fuel and help the environment," Mr Chen said.

"Today's resolution is a strong statement by an aviation group that comprises leading airlines in the Asia Pacific and underlines the importance for governments to take immediate appropriate action," he added.

Fuel costs have doubled in the past two years and now account for the largest single expense for many airlines, including Cathay Pacific. Straightening some airways saved US$1.1 billion in 2004. Shaving just one minute off every flight operated in the world today would save more than US$2.7 billion and millions of tonnes of fuel a year, according to global aviation industry group IATA.

The AAPA, which represents 17 leading airlines in the region, seeks to speak with a common voice on behalf of the Asia-Pacific carriers when dealing with governments, aircraft manufacturers, airport authorities and other organisations affecting the efficiency of its members and the industry.

The AAPA resolution on fuel efficiency said: "Optimising fuel efficiency depends on many external factors, including route structure, air traffic flow management and airport capacity and layout." Governments should, it said, "Immediately introduce direct routing and operational measures at airports to reduce fuel wastage and improve airspace utilisation."

The meeting passed additional resolutions calling for a commonsense approach to handling health crises, security charges and proposed increases to insurance premiums. The AAPA also called on governments to exercise restraint in increasing the burden of levies on airlines and passengers.

The resolution said: "Air transport is essential for global business and tourism and plays an essential role in facilitating economic growth …The commercial viability of airlines is vital to the interest of global commerce...[Governments must] carefully consider the overall economic effects of putting further financial strain on the aviation industry, and to refrain from increasing the burden of aviation levies in any form."
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Old November 21st, 2005, 04:04 PM   #551
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Cathay Seeks More of China's Skies
Soaring From Hong Kong, Carrier Lags in the Nation's Growing Inland Market

By Bruce Stanley
21 November 2005
The Wall Street Journal

Hong Kong -- BASED ON CHINA'S doorstep, Cathay Pacific Airways has become one of the world's most successful and well-run airlines. The hard part is crossing that threshold into China itself.

Cathay flies to New York and other cities far beyond its regional base. It bounced back from the outbreak of severe acute respiratory syndrome in 2003, when it idled almost a third of its planes for lack of demand and still made money. Profits for the first half of 2005 are down 3.6% from the year-earlier period largely due to high fuel prices, but it remains more profitable than many other airlines. Travelers voted it Airline of the Year in 2005 in a survey by Skytrax Research, an independent ranking service in Britain.

Because of strategic missteps, politics and bad luck, the "Cathay" in Cathay Pacific -- China -- barely figures in the airline's network. Although Cathay's base of Hong Kong is a special administrative region of China, even Northwest Airlines of Eagan, Minn., flies passengers to the Chinese mainland more frequently. That presents a long-term challenge, as China's air traffic is growing at a much faster rate than traffic in other Asian markets. Cathay's rivals are starting flights to China or increasing their presence there.

Cathay last autumn bought a 10% share in Air China, the mainland's state-run flag carrier, and agreed to help upgrade its partner's engineering, marketing and other operations. In return, Cathay hopes Beijing will support it as it seeks additional air rights in China.

This gambit prompted speculation that Cathay and Air China might be planning to merge. Both have quashed the notion, and their executives decline to comment on any progress in their partnership.

Cathay's core business of routing international travelers to and from Hong Kong, long the gateway to the mainland, is under threat. Like Hong Kong itself, the airline may face economic marginalization, given China's growth as a manufacturing center and the rapid deregulation of its skies. Cathay provides meager passenger service to two mainland cities, Beijing and Xiamen, and carries only cargo to Shanghai, China's most lucrative destination.

"The mainland wasn't such a big hole as it may seem now," Cathay Chief Operating Officer Tony Tyler says of years past.

Cathay's hybrid nature has aggravated its China problem. Its roots are in Asia, but Britons dominate its ownership and management. Its biggest shareholder is Swire Pacific Ltd., part of the Swire Group -- one of the early "Hongs," or colonial trading houses, that dominated Hong Kong's economic life in its 150 years as a British colony. Although its flight attendants overwhelmingly hail from Asia, Cathay's pilots are mostly British and Australian.

Despite Cathay's efforts to highlight its Asian roots -- such as dropping the Union Jack from plane tail fins for a feather-like brushstroke that evokes Chinese calligraphy, and equipping its planes with rice cookers -- some in the industry argue that its efforts to penetrate the mainland could suffer from its lack of stronger Asian credentials.

"They used to proudly advertise themselves as a British airline flown by British pilots." says Peter Lok, a director for both China Eastern Airlines and China Southern Airlines, Air China's main domestic competitors.

Cathay honed its edge in the aftermath of World War II. Its founders were a pair of pilots, one American and the other Australian, who had flown supplies over the Himalayas and the "Burma Hump" to Nationalist Chinese forces. When the war ended, the American, Roy Farrell, bought a surplus military DC-3, christened it Betsy and began flying used tuxedos and other scarce luxuries to Shanghai. He formed Cathay Pacific in Hong Kong in 1946. The airline expanded throughout Southeast Asia and Japan, but Communist China offered it no welcome. It shot down a Cathay airliner in 1954.

Cathay got a small number of flights to Beijing and Shanghai in the 1980s, and then expanded its mainland presence by buying a Hong Kong newcomer called Dragonair. In a fateful step, it gave a controlling stake in Dragonair to a Chinese airline as a concession to keep that mainland carrier from encroaching on Hong Kong. Within a few years, Dragonair had "declared war" and shut Cathay out of the burgeoning mainland market, a former Cathay executive says. Dragonair, known as Hong Kong Dragon Airlines, says it was healthy competition.

Cathay hopes to parlay its 10% stake in Air China into something bigger. It sends specialists to advise Air China staff in Beijing, while as many as 80 Air China cabin crew are enrolling in a yearlong training program at Cathay's headquarters. The first trainees have studied grooming and the "service mind-set" and are getting in-flight experience aboard Cathay planes. They are sharpening skills, like mixing cocktails, which Air China crews will need to attract more international-business passengers.

"When we talk about a martini, they say, `Huh? What's that?' " says Cathay instructor Shirley Wong.

Some analysts predict it will take years for the two airlines to integrate their operations. Just standardizing their specifications for food trays, headsets and other basic cabin equipment is a challenge. Both carriers own stakes in Dragonair, and both have left open the possibility that it could be up for grabs. Dragonair, which won't comment on such a scenario, flies 56 times weekly to Beijing and 108 times to Shanghai, dwarfing Cathay's existing China network.

"Dragonair is a pawn in this game," says Kevin O'Connor, an analyst at CLSA Asia-Pacific Markets. "But it's a pawn that happens to be worth as much as a king."
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Old November 24th, 2005, 10:37 PM   #552
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Quote:
Originally Posted by Subangite
This is getting old.

Just prove the point, if you show us that HK SAR government or Cathay Pacific using the words the "official" airline of HK.

Cathay Pacific is the only airline allowed to carry the 'Asia's world city' logo and decorate its planes in promotional livery for all of Hong Kong. This is the result of Cathay's close working relationship with the government and tourism authorities.

Thats all that can be said about Cathay, they have a working relationship doesn't make it the official airline! Just because they have a monopoly on the promotion doesn't make it the official airline of the city.

The 'Asia's world city' aircraft was specially chosen to promote Hong Kong at the event. Its livery, created to mark the fifth year of the establishment of the Hong Kong SAR, features Hong Kong's fiery dragon logo, symbolising the dynamic spirit of the city.

This also doesn't make it the "official airline". Its just a promotional agreement.

Clearly there is more about Cathay to Hong Kong than just merely a locally-based airline. Dragonair, CR Airways, and Hong Kong Express don't enjoy these privileges of putting Hong Kong's brand logo and skyline on its planes. It's because the government and the Hong Kong brand already recognizes Cathay as an official international symbol of Hong Kong.

Just because cathay is the only HK based airline that enjoys and promotes HK still does not make it the "official" airline!!

It is not a recognition of an official international symbol if they have never declared it so, never have the HK SAR government declared Cathay an "official international symbol" as you put it! Thus it is not so.

hey i've just found this from a government website (investhk.gov.hk)

---

The Hong Kong International Airport (HKIA) is consistently ranked as one of, if not the top airport in the world. Based at Chek Lap Kok, on the island of Lantau, it is also one of the most convenient city airports, being a 3 stop-35km-23 minute train journey away from the heart of the city on the Airport Express.

Over 72 international airlines fly from Chek Lap Kok (airport abbreviation HKG), providing over 4,700 flights per week to some 130 locations. This includes a non-stop service between the east coast of US and Hong Kong - the New York-Hong Kong flight is one of the longest commercial routes in the world and has a scheduled flying time of just under 16 hours!

Hong Kong's flagship people carrier is Cathay Pacific (flight prefix CX), which has a comprehensive regional and international service.

Budget airlines are a relatively new phenomenon in Asia, and to date only a few have incorporated Hong Kong in their flight schedules.

Flying in Asia is particularly cheap the further in advance you book and if you travel in off peak season. It is possible to provisionally book tickets and then decide nearer the time whether you require the flights. Flights around peak times, like around general holidays, get fully booked well in advance. Organisation and forward planning is key!

In terms of cargo, HKIA is also one of the busiest airlines in the world in terms of international air cargo. Furthermore, there are plans to triple the annual cargo capacity to 9 million tonnes.

source: http://www.investhk.gov.hk/content1q...NTL-AIR&lang=1

no more arguments here right?
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Old November 25th, 2005, 01:54 AM   #553
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Cathay, Swire Chmn Turnbull To Leave Grp End-Jan
By Jeffrey Ng and Joyce Li

HONG KONG (Dow Jones)--David Turnbull's surprise resignation from the chairmanship of Swire Pacific Ltd. (0019.HK) and its Cathay Pacific Airways Ltd. (0293.HK) unit could prompt a mild selloff in the two companies' shares in the near term, analysts say.

Turnbull's decision Thursday to step down at the end of January 2006 comes just 11 months after he took the helm of the Hong Kong-listed conglomerate and its airline unit.

Swire said Turnbull, who has been with the group for nearly 30 years, decided to resign "after careful consideration" to "resume a more active operational role."

Turnbull will remain as the non-executive chairman of Hong Kong Aircraft Engineering Co. (0044.HK), Swire's Hong Kong-based aircraft-engineering unit.

"His resignation is a surprise to us," said Peter Hilton, CSFB's head of regional conglomerate and transportation research.

Another analyst at a U.S.-based investment bank said Turnbull's departure wouldn't have much negative effect on either company, but "there could be a mild selloff in their shares as the move will create uncertainties and investors need to await the performance of Turnbull's successor."

The outgoing executive will be succeeded by Christopher Pratt, who has been with Swire for 27 years.

Pratt, little known to investors, oversees Swire's offshore, and trade and industrial divisions. Both units are relatively small, but have performed well in the past, analysts said.

"Pratt's track record looks solid, but the market will still adopt a prudent approach towards the new management," said an analyst who declined to be identified. "Investors had been hoping that Turnbull's charismatic style might bring in some new strategy to the group."

Others were less concerned about Turnbull's resignation.

"There shouldn't be much impact on the stocks. The company has always given investors an impression of a well-established management," said Steven Leung, director of institutional sales of UOB Kay Hian. "It shouldn't be affected by the move of just one person."

Swire Pacific's shares have risen 8.4% since the beginning of the year, while Cathay Pacific's stock has dropped 8.8% as fuel prices have rocketed. The benchmark Hang Seng Index has risen 6.0% during the same period.

Turnbull assumed his current role in January this year, succeeding James Hughes-Hallett, who became chairman of John Swire & Sons Ltd., the unlisted parent company of Swire.
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Old November 25th, 2005, 06:34 AM   #554
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Cathay Pacific to Increase Flight Frequency to Bali

JAKARTA, Nov 24 Asia Pulse - Hong Kong-based airline Cathay Pacific, which plans to strengthen its fleet to 100 aircraft, said it will increase its flights frequency to Bali in 2006.

Chief Executive Officer of Cathay Pacific Philip NL Chen said here on Wednesday the company currently operates 96 aircraft including Airbus A-330 and A-340 and Boeing 747 and Boeing 777.

Chen said Cathay plans to increase flights to Indonesia especially tourist flights to Bali.

Currently Cathay serves flights in three routes to Indonesia, including twice a day between Hong Kong and Jakarta and four times between Hong Kong and Denpasar and Surabaya.
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Old November 25th, 2005, 11:37 AM   #555
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Quote:
Originally Posted by hkskyline
Cathay will reduce the impact of the low-season in October once it flies to more destinations in China and take advantage of the Golden Week holiday travellers.
wait, Oct is low-season? i thought it is the peak season for business travel to HK because of all those trade fair, and convention etc. (as well as April)
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Old November 25th, 2005, 03:38 PM   #556
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Summer is the peak season. October is comparatively low season. If it had more China flights then it could capitalize on the Golden Week boom.
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Old November 26th, 2005, 04:33 PM   #557
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Swire denies rift with Turnbull
By JUSTINE LAU
26 November 2005
Financial Times

Swire Pacific, the Hong Kong-based conglomerate that controls Cathay Pacific, yesterday dismissed suggestions that the surprise departure of David Turnbull, chairman, was caused by disagreements about his abrasive management style.

A person close to the company said Mr Turnbull, who has a reputation of being a difficult manager with a very hot temper, had decided to leave the company after a series of arguments. "He is not the easiest guy to get along with," the person said.

However, Swire said Mr Turnbull had left the job after only a year because "he has decided that he wishes to resume a more active operational role".

Swire said Mr Turnbull had underestimated how much he enjoyed a more hands-on job.

Swire said Mr Turnbull, who is also chairman of Cathay and holding company John Swire & Sons (HK), will step down at the end of next January "after careful consideration". He will remain non-executive chairman of Hong Kong Aircraft Engineering (Haeco), a subsidiary of Cathay.

Mr Turnbull will be succeeded by Christopher Pratt, a long-time Swire hand with 27 years of experience at the group.
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Old November 27th, 2005, 05:38 PM   #558
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A little nostalgia
Source : http://www.pbase.com/bmcmorrow/

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Old November 29th, 2005, 05:35 AM   #559
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Source : http://www.pbase.com/tonyosborne/heathrow



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Old December 1st, 2005, 02:48 PM   #560
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01 December 2005
Cathay Pacific Places Biggest Ever Order For New Aircraft


Cathay Pacific Airways today placed its biggest ever order for new aircraft to grow the airline, modernise and expand its fleet and continue to strengthen Hong Kong as a global aviation hub.

The airline has made commitments for 16 advanced wide-body Boeing 777-300ER aircraft with purchase rights for 20 more. It also made commitments to acquire three Airbus A330-300s to operate regional routes.

The 777-300ER’s will be acquired through a combination of 12 direct purchases from The Boeing Company and four operating leases from International Lease Finance Corporation (ILFC). The three new A330-300s will also be acquired via operating leases from ILFC.

The 777-300ER will be powered by General Electric GE90-115B engines and the Airbus A330-300 by the Rolls-Royce Trent 700. The 16 777-300ERs will be delivered between September 2007 and July 2010. All three Airbus A330-300s will be delivered in 2008.

Cathay Pacific Chief Executive Philip Chen said: "These aircraft orders mark an exciting and significant milestone in the development of our airline – demonstrating our Board’s confidence in the long-term future of the airline and Hong Kong. The addition of these new aircraft to the 100 we will have by next year will make us a carrier of significant size."

Mr Chen added: "More aircraft will allow us to have more flights, new destinations and greater hub connections. This rapid fleet increase will enhance our strength as a carrier and Hong Kong's position as a global hub and gateway to the Chinese Mainland. This is a long-term commitment to the continued profitable growth of the airline. It puts us firmly on a footing for future success."

Cathay Pacific's fleet currently totals 95 aircraft. Its long-haul fleet comprises 22 Boeing 747-400, 15 Airbus A340-300 and three Airbus A340-600. The regional fleet comprises 16 Boeing 777-200/300 and 26 Airbus A330-300 aircraft. The airline also operates 13 Boeing 747 freighters.

Later this month, the airline takes delivery of the world’s first 747-400BCF (Boeing Converted Freighter), converted from a Cathay Pacific passenger 747-400 aircraft. The airline has firm orders for six such 747-400BCF's and has options for a further six.

One new 747-400F freighter, one 777-300 and three Airbus A330-300s and three refitted 747-400 passenger aircraft have entered service with the airline this year. It has outstanding orders for one Boeing 777-300 and three Airbus A330-300s and one 747-400. Cathay Pacific's fleet will total 100 aircraft by September 2006, its 60th Anniversary.
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