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Old December 2nd, 2005, 05:10 AM   #561
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Old December 2nd, 2005, 04:50 PM   #562
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HK's Cathay Pacific kept 'neutral' after aircraft buy -JP Morgan
2 December 2005

HONG KONG (AFX) - JP Morgan has kept its 'neutral' rating on Cathay Pacific Airways, saying new aircraft deliveries will not impact its earnings forecast for the airline.

Cathay Pacific announced yesterday that it has placed an order for 19 aircraft worth an estimated 15 bln hkd, JP Morgan said.

It said the aircraft order, which includes 16 B777-300ERs and three A330-300s, will see deliveries from September 2007 to mid-2010 and will not have any impact on its earnings forecast.

'We believe the order is biased towards replacement, as the B777-300ER is an ideal upgrade for Cathay's older B747-400s,' it said.

It noted that orders for the new generation B777s were placed due to the airline's need to deploy more fuel efficient aircraft, especially on long flights to Europe and New York.

It said it expects the three A330s 'will be directed at growth on intra-Asian routes or possibly to Australia.'

With the acquisition, Cathay will operate 32 A330s and 33 B777s, it said, adding that Cathay remains the world's largest A330 operator.

The airline is considering further aircraft orders over the coming years as it also announced yesterday that it has options to acquire 20 more B777s.

'We expect Cathay to closely assess new generation composite aircraft offered by both Airbus and Boeing in the future,' it noted.

JP Morgan said the recent easing of oil prices should benefit Cathay but such benefits may be offset by a sluggish cargo market and pressures from the US dollar appreciation.

At morning close, Cathay was up 0.05 hkd or 0.37 pct at 13.60.
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Old December 4th, 2005, 07:58 PM   #563
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Cathay reveals policy on minors going solo
04 December 2005
South China Morning Post

Cathay Pacific seats unaccompanied minors travelling on its flights near families or women whenever possible, the airline has revealed.

But the Hong Kong carrier's policy was based on the preferences of its customers and was not a regulation, like rules adopted by Air New Zealand and Australia's Qantas airline, said a Cathay spokeswoman.

She said the Cathay policy was long-standing and had not come in response to a backlash against Qantas, which confirmed last month it had adopted the practice.

Qantas' confirmation came after 37-year-old father-of-twins Mark Worsley said he was asked to move on one of its flights last year when an unaccompanied child was assigned a seat next to him.

The policy has been criticised as discriminatory against men, and some opponents have painted it as an example of political correctness gone mad.

The New Zealand Human Rights Commissioner's office has agreed to take up the issue after receiving five formal complaints. It said the policy could contravene the country's Human Rights Act.

Cathay Pacific said passengers between six and 12 years old who do not travel in the care of a guardian are escorted from check-in until they are handed over to a designated adult at their destination.

When more than one unaccompanied minor is on the flight, they are usually seated together.

Strict care is also taken to ensure that minors are seated close to the aisle near cabin crew, and away from emergency exits.

"If the flight is very full, we tend to seat unaccompanied minors near families or female passengers because this is the preference of our passengers," said the Cathay spokeswoman.

Only on very rare occasions are children travelling alone seated next to men, she said.

"Once an unaccompanied minor is accepted to travel on Cathay Pacific, the airline is totally responsible for the child's safety and is entrusted with the total care of the unaccompanied minor," the spokeswoman added.

British Airways adopts a similar policy to Cathay Pacific.

Hong Kong domestic carrier Dragonair, a Cathay subsidiary, said it seated minors in plain view of cabin crew.
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Old December 6th, 2005, 05:07 AM   #564
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05 December 2005
Corporate Press Release
Cathay Pacific signs agreement with Australia's air traffic control provider

Cathay Pacific Airways announced that it had signed an agreement with Australia's air traffic control (ATC) provider aimed at delivering greater operational efficiencies and possible future cost savings.

The airline signed a Strategic Partnering Charter agreement with Airservices Australia (AsA), the Government-owned provider for air traffic control and related airside services, to cultivate a close and cooperative relationship and to deliver greater operational efficiencies within Australian space and beyond.

This is Cathay Pacific's first Strategic Partnering Charter arrangement. It plans to sign similar accords with many other ATC providers across its global network. Such agreements could lead to the more effective use of airways, which would save significant costs by reducing aircraft fuel burn.

Cathay Pacific Chief Executive Philip Chen recently signed the Charter with AsA Chief Executive Officer Greg Russell at a ceremony in Hong Kong.

Mr Chen said: "As the world's leading airline, we recognise the importance of fostering a close relationship and open communication with our ATC providers. The partnership goes beyond the standard supplier-user relationship and recognises that a collaborative, coordinated approach to optimising the capacity of airways system offers the best opportunity for significant mutual gains."

Mr Russell said that "we well recognise that organisations like Airservices can play a major role to help reduce fuel usage. Today, this represents a very substantial cost to airline operators. I welcome this partnership agreement which will facilitate an even closer working relationship between Cathay Pacific aircrews and Australian air traffic controllers and will lead to improved efficiency and a reduction in fuel usage."

He added: "Airservices Australia has now been awarded IATA's prestigious Eagle Award on two occasions in the last few years, for initiatives like these. The world aviation industry is facing a range of significant challenges and air traffic service providers need to play a more proactive role in helping our airline customers to reduce their costs."

In addition to the development of a communication protocol between Cathay Pacific and AsA, both parties will also implement an operational awareness programme in which regular exchanges will be arranged for Cathay Pacific flight crew to visit AsA technical facilities, and AsA ATC staff to undertake flight deck familiarization travel and visit Cathay Pacific operational facilities in Hong Kong.

Mr Chen added: "Air traffic controllers and flight crew depend upon each other. There are few opportunities for the development of a full appreciation of each other's jobs, including competing operational and commercial demands and considerations which can impact on their working relationship. A better appreciation by pilots and controllers of each other's operational environment can only help to improve the safe, efficient and effective operation of the Australian Air Traffic Management system."
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Old December 6th, 2005, 04:36 PM   #565
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Cathay Pacific announces service to Moscow and Manchester

Cathay Pacific Airways today announced it will, pending final government approvals, make history again as the first Hong Kong airline flying to Russia with the launch of a three-times-weekly service to Moscow, starting 27 March 2006.

From Moscow, Cathay Pacific’s service will continue onwards to Manchester, England. Cathay Pacific will be the only airline to offer a direct passenger service to Manchester from Hong Kong.

The announcement came a week after the airline placed its biggest ever order for new aircraft in order to add flights and new destinations.

The Moscow service will extend an existing codeshare agreement with Aeroflot - Russian Airlines, while the Manchester service marks a resumption of Cathay Pacific passenger flights to the city, which traditionally has strong ties with Hong Kong. The route will be operated with an Airbus A340-300.

Cathay Pacific Chief Executive Philip Chen said: “Cathay Pacific’s new Moscow and Manchester service adds yet another spoke to the Hong Kong hub. It strengthens the city’s ties to Europe and reinforces its position as the gateway to the Chinese Mainland. “

Mr Chen added: “Moscow is an exciting destination and our new service will offer Hong Kong passengers more choices and greater travel convenience to this great capital. With three new services to Manchester, we will operate an unmatched 31 flights every week from Hong Kong to the UK.”

Both the Moscow and Manchester services are expected to generate new hub traffic to and from Australia, New Zealand and around the region. Hong Kong’s gateway position will appeal to Russian businesses forging closer trade ties within the Pearl River Delta.

Cathay Pacific has operated codeshare flights to Moscow with Aeroflot since June 2004. Aeroflot currently operates the service with Boeing 767 aircraft. All services operated by both airlines will carry Aeroflot's "SU" and Cathay Pacific's "CX" prefixes.

Cathay Pacific last week announced its biggest ever order for new aircraft to grow its fleet and network. The airline 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.

Cathay Pacific currently operates 54 passenger services to five cities in Europe each week. It operates four flights a day to London, plus daily services to Amsterdam, Frankfurt, Paris, and five weekly flights to Rome. The airline serves 92 destinations world-wide.

Full schedule

Schedule of Cathay Pacific operated services


Flight number


CX237 Hong Kong-Moscow 00:15 / 06:25 Mon, Thu, Sat
CX237 Moscow-Manchester 07:50 / 08:55 Mon, Thu, Sat
CX236 Manchester-Moscow 10:00 / 16:55 Mon, Thu, Sat
CX236 Moscow-Hong Kong 18:40 / 08:10 +1 Mon, Thu, Sat

Last edited by Terrence; December 6th, 2005 at 05:11 PM.
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Old December 6th, 2005, 06:21 PM   #566
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I also heard that Cathay Pacific is considering whether or not launching the new service to Mexico City.
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Old December 6th, 2005, 08:39 PM   #567
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06 December 2005
Corporate Press Release
Cathay Pacific announces service to Moscow and Manchester

Cathay Pacific Airways today announced it will, pending final government approvals, make history again as the first Hong Kong airline flying to Russia with the launch of a three-times-weekly service to Moscow, starting 27 March 2006.

From Moscow, Cathay Pacific’s service will continue onwards to Manchester, England. Cathay Pacific will be the only airline to offer a direct passenger service to Manchester from Hong Kong.

The announcement came a week after the airline placed its biggest ever order for new aircraft in order to add flights and new destinations.

The Moscow service will extend an existing codeshare agreement with Aeroflot - Russian Airlines, while the Manchester service marks a resumption of Cathay Pacific passenger flights to the city, which traditionally has strong ties with Hong Kong. The route will be operated with an Airbus A340-300.

Cathay Pacific Chief Executive Philip Chen said: “Cathay Pacific’s new Moscow and Manchester service adds yet another spoke to the Hong Kong hub. It strengthens the city’s ties to Europe and reinforces its position as the gateway to the Chinese Mainland. “

Mr Chen added: “Moscow is an exciting destination and our new service will offer Hong Kong passengers more choices and greater travel convenience to this great capital. With three new services to Manchester, we will operate an unmatched 31 flights every week from Hong Kong to the UK.”

Both the Moscow and Manchester services are expected to generate new hub traffic to and from Australia, New Zealand and around the region. Hong Kong’s gateway position will appeal to Russian businesses forging closer trade ties within the Pearl River Delta.

Cathay Pacific has operated codeshare flights to Moscow with Aeroflot since June 2004. Aeroflot currently operates the service with Boeing 767 aircraft. All services operated by both airlines will carry Aeroflot's "SU" and Cathay Pacific's "CX" prefixes.

Cathay Pacific last week announced its biggest ever order for new aircraft to grow its fleet and network. The airline 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.

Cathay Pacific currently operates 54 passenger services to five cities in Europe each week. It operates four flights a day to London, plus daily services to Amsterdam, Frankfurt, Paris, and five weekly flights to Rome. The airline serves 92 destinations world-wide.
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Old December 7th, 2005, 02:32 PM   #568
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Cathay Pacific to strengthen Europe connections with daily service to Rome

07 December 2005

Cathay Pacific to strengthen Europe connections with daily service to Rome

Cathay Pacific Airways today announced it will further strengthen Hong Kong’s connections to Europe with a daily service to Rome, starting 27 March 2006.
A daily service, increased from the current five flights a week, will provide passengers greater flexibility for travel between Italy, Hong Kong and connecting points in Asia, Australia and New Zealand.
The airline this week also announced the launch of two other new services to Europe – to Moscow and Manchester, England, which will start 27 March 2006. It will be the first time Cathay Pacific has ever flown to Russia, and the airline will offer the only direct service to Manchester.
The new services follow Cathay Pacific’s biggest order for new aircraft, intended to increase the frequency of flights, connections and add new destinations from its Hong Kong hub. The airline ordered 16 Boeing 777-300ER long-range jets, with purchase rights for 20 more, plus three Airbus A330-300s for regional routes.
Cathay Pacific Chief Executive Philip Chen said: “Cathay Pacific offers more flights to Europe from Hong Kong than any other airline, and the only service to Italy. The addition of more Cathay Pacific services makes travelling via Hong Kong a far more attractive proposition to passengers and multiplies the airport’s strength as a global hub and gateway to the Chinese Mainland.”
Cathay Pacific currently operates 54 passenger services to five cities in Europe each week. It operates four flights a day to London, plus daily services to Amsterdam, Frankfurt, Paris, and five weekly flights to Rome. The airline serves 92 destinations world-wide.


Full Rome schedule. New services in BOLD ITALIC
Flight number From Destination Departure / Arrival (Local Time) Days of operation
CX293 Hong Kong Rome 00:05 / 07:30 Mon, Tue, Wed, Thu, Fri, Sat, Sun
CX292 Rome Hong Kong 12:50 / 06:35 +1 Mon, Tue, Wed, Thu, Fri, Sat, Sun
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Old December 7th, 2005, 05:36 PM   #569
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Quote:
Originally Posted by cheunger
Cathay Pacific to strengthen Europe connections with daily service to Rome

07 December 2005

Cathay Pacific to strengthen Europe connections with daily service to Rome

Cathay Pacific Airways today announced it will further strengthen Hong Kong’s connections to Europe with a daily service to Rome, starting 27 March 2006.
A daily service, increased from the current five flights a week, will provide passengers greater flexibility for travel between Italy, Hong Kong and connecting points in Asia, Australia and New Zealand.
The airline this week also announced the launch of two other new services to Europe – to Moscow and Manchester, England, which will start 27 March 2006. It will be the first time Cathay Pacific has ever flown to Russia, and the airline will offer the only direct service to Manchester.
The new services follow Cathay Pacific’s biggest order for new aircraft, intended to increase the frequency of flights, connections and add new destinations from its Hong Kong hub. The airline ordered 16 Boeing 777-300ER long-range jets, with purchase rights for 20 more, plus three Airbus A330-300s for regional routes.
Cathay Pacific Chief Executive Philip Chen said: “Cathay Pacific offers more flights to Europe from Hong Kong than any other airline, and the only service to Italy. The addition of more Cathay Pacific services makes travelling via Hong Kong a far more attractive proposition to passengers and multiplies the airport’s strength as a global hub and gateway to the Chinese Mainland.”
Cathay Pacific currently operates 54 passenger services to five cities in Europe each week. It operates four flights a day to London, plus daily services to Amsterdam, Frankfurt, Paris, and five weekly flights to Rome. The airline serves 92 destinations world-wide.


Full Rome schedule. New services in BOLD ITALIC
Flight number From Destination Departure / Arrival (Local Time) Days of operation
CX293 Hong Kong Rome 00:05 / 07:30 Mon, Tue, Wed, Thu, Fri, Sat, Sun
CX292 Rome Hong Kong 12:50 / 06:35 +1 Mon, Tue, Wed, Thu, Fri, Sat, Sun
Cathay Pacific and Dragonair are both going from strength to strength, I think it's partly beneficial by the upbeat of tourism industry.
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Old December 7th, 2005, 06:05 PM   #570
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Oasis should come into the picture next year with flights to Milan.
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Old December 7th, 2005, 08:28 PM   #571
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I don't know why don't HK carriers operate a service to Seattle, Copenhagen and Vienna. I think those routes should be viable and profitable, but it's just my rough guess.
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Old December 7th, 2005, 11:41 PM   #572
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Quote:
Originally Posted by Terrence
I don't know why don't HK carriers operate a service to Seattle, Copenhagen and Vienna. I think those routes should be viable and profitable, but it's just my rough guess.
it takes negotiation between government to get the service rights. It is not that easy.
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Old December 8th, 2005, 09:29 AM   #573
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Quote:
Originally Posted by vincent
it takes negotiation between government to get the service rights. It is not that easy.
oic
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Old December 8th, 2005, 12:08 PM   #574
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Quote:
Originally Posted by Terrence
I don't know why don't HK carriers operate a service to Seattle, Copenhagen and Vienna. I think those routes should be viable and profitable, but it's just my rough guess.
If I recall correctly, Cathay already has pretty broad rights to fly to US gateways. I also remember a number of years ago, United used to fly to HK from Seattle, but the service was since terminated.

I'm not sure CX would want to fly to Seattle, when Vancouver is so close by (and with a much larger Asian population).
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Old December 8th, 2005, 04:30 PM   #575
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Quote:
Originally Posted by deej
If I recall correctly, Cathay already has pretty broad rights to fly to US gateways. I also remember a number of years ago, United used to fly to HK from Seattle, but the service was since terminated.

I'm not sure CX would want to fly to Seattle, when Vancouver is so close by (and with a much larger Asian population).
I also remember UA used to fly to Seattle, but the service was terminated in 90s. Hopefully, more and more new routes will be launched.
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Old December 10th, 2005, 12:12 AM   #576
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South China Morning Post
December 9, 2005
Cathay opts for express route on cargo ambitions
Russell Barling

Conventional wisdom is that if you want to get a message out into the market, advertising is the best medium.

Cathay Pacific Airways proved that in spades on Wednesday when it ran three personnel advertisements in the South China Morning Post looking for managers with expertise in cargo terminal planning, projects, and engineering.

The airline obviously wants to build its expertise in that area but what other messages it may have wanted to convey with such a public courtship of talent remain a mystery. Whatever the message, it will not have been welcomed at Chek Lap Kok, where the Airport Authority would have preferred Cathay not to make its intentions public just yet.

For one, the operators - Asia Airfreight Terminals (AAT) and Hongkong Air Cargo Terminals Ltd (Hactl) - will query the need for added competition when their terminals remain well short of future handling capacities.

Below Deck imagines AAT would be particularly unimpressed given that only last year it agreed to spend $1.75 billion to roughly triple the amount of cargo it can handle each year. Phase II will not be ready until 2007.

For Hactl, the loss of Cathay would strip away 33 per cent of its volumes - 50 per cent if Cathay took Dragonair with it. The company has a clause in its operating contract that restricts the authority from commissioning a rival general cargo facility at the airport until it reaches 75 per cent of its handling capacity.

Management will tell you that SuperTerminal One can handle 3.5 million tonnes of cargo a year but the authority recognises only the 2.6 million tonnes in the original franchise agreement, meaning Hactl has already passed the trigger mechanism that allows for more competition. AAT has a similar clause.

Cathay believes the expansion of its cargo volumes and fleet in the past few years has gained enough critical mass to warrant a self-handling facility. It will carry just shy of 1.1 million tonnes this year, up about 14 per cent on last year, and it has a fleet of six new jumbo freighters being converted at its sister facility in Xiamen.

In its recent application to the authority, Cathay outlined a self-handling facility capable of handling two million tonnes of cargo a year, to be operational by 2009. It apparently began discussions with the authority on the project in March.

Hactl, too, was apprised of its intentions when Cathay approached it to build and operate the terminal. But they failed to come to an agreement, largely because of significantly divergent cargo forecasts - Hactl believing the boom of trans-shipment at the airport and the inevitable diversion of freight to airports in Guangdong will amount to growth of about 4 per cent a year, while Cathay projects its freight business to grow about 10 per cent for the next few years.

Their inability to come to terms is not surprising. If you are the bearish Hactl, you do not agree to add capacity when you are nowhere near your functional cargo handling limit and agreement would see you lose your biggest customer.

An independent estimate predicts volumes will reach 6.9 million tonnes by 2020, a compound annual growth rate of only about 5 per cent.

The authority is said to be preparing to seek additional information from Cathay.

A contentious issue will be the definition of "self-handling". Will that apply to just Cathay's cargo or will it also apply to the freight from associate firms such as Dragonair and Air China?

Hans Bakker, the AA's chief commercial officer, would not clarify its policy on that matter yesterday, leaving open the door to a direct award to Cathay.
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Old December 10th, 2005, 04:39 AM   #577
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Sky is the limit for cadet training programme
10 December 2005
South China Morning Post

CATHAY PACIFIC AIRWAYS is recruiting young people for the Cadet Pilot Programme which could eventually lead to posts as commercial airline pilots.

"Cadets who perform to the required standard throughout the Cadet Pilot Programme will be offered employment with the company," said Claire Delaney, flight crew recruitment manager. The training is provided at Cathay's expense.

On completion of the course, cadets will have logged about 220 flying hours, obtained a Hong Kong Commercial Pilots Licence and a frozen Hong Kong Airline Transport Pilots Licence.

"To succeed in the Cadet Pilot Programme, you must have a genuine interest in flying, sharp judgment, excellent leadership and strong teamwork skills," Ms Delaney said.

The course is demanding, as standards are high and about 85 per cent complete it.

Although it will be an intense period, there are highlights to work towards, according to the recruitment manager. "The first solo flight is a moment each cadet remembers, along with completing his or her final examination and, of course, graduation."

The workload is constant and time management is often the biggest challenge as cadets are required to study aviation theory and apply this during flight training.

Suitable candidates should be interested not only in flying, but also in the technicalities of flying safely. "Subjects studied include meteorology, navigation, flight planning and instruments, aerodynamics, principles of flight, radio aids, aviation law, human performance, loading, airframe systems {hellip} to name a few," Ms Delaney said.

Applicants must be at least 18 years old, Hong Kong permanent residents with excellent spoken and written English.

Five passes on HKCEE, including physics and mathematics, plus two passes in HKALE or a degree in any discipline are required.

Full board is provided at Flight Training Adelaide, Parafield Airport, Adelaide, South Australia.
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Old December 10th, 2005, 06:47 PM   #578
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Turnbull: I was unhappy with my job
Chairman of Swire and Cathay Pacific explains why he quit

10 December 2005
South China Morning Post

Unhappiness about the non-operating nature of his dual role as chairman at both Swire Pacific and Cathay Pacific Airways was the reason behind David Turnbull's surprise decision to quit after just 11 months at the policy helm of the sprawling conglomerate and its airline subsidiary.

Breaking his silence on the unexpected move announced on November 24, Mr Turnbull yesterday said with characteristic frankness that he did not enjoy his stint as the No1 executive at one of the oldest former British "hongs".

He said his tenure as chairman would have been happier if he had been able to take on a more active operational role.

Mr Turnbull rejected speculation that his resignation was due to soured relationships with the rest of Swire's management team and pointed out he would remain as non-executive chairman at one of the group's subsidiaries, Hong Kong Aircraft Engineering, the company he "loved most" apart from Cathay, for "a couple of years".

He is the first Swire chairman to resign from the company and served the shortest term.

"I thought about it for a couple of months and decided it very quickly," he said of his resignation, which will take effect at the end of next month.

"When you are a chairman, you are supervising the job. It is [Cathay chief executive] Philip Chen who operates CX (the airline code for Cathay), not me," he said, adding he found greatest job satisfaction from making operational decisions.

"My relationship with Swire's management is absolutely fine and the fact it didn't say thanks on the press release doesn't mean it's not thankful for my contribution," he said.

The remark was in response to media speculation of a rift because of the absence of an _expression of thanks in the press release announcing that he would step down.

Mr Turnbull added that during his eight-year stint as Cathay managing director, he had much satisfaction in navigating Swire's flagship carrier through several crises, such as the Asia financial turmoil, the September 11 terrorist attacks, industrial actions and the Sars outbreak.

Mr Turnbull was known for his iron-handed management style during a long stand-off between Cathay's management and its cabin crew unions which resulted in the sacking of 51 pilots who refused to accept new work conditions.

However, he won kudos for reacting promptly to the Sars challenge by asking Cathay staff members to take unpaid leave and grounding some idle aircraft in Australia to reduce costs.

"Overcoming the Sars challenge gave me the greatest job satisfaction," he said.

Asked what his immediate plans were, British-born Mr Turnbull, who carries an Australian passport, said he might stay in Hong Kong for a while or head for Australia, where he worked for some years.

"I am quite good at doing nothing," he quipped.

Mr Turnbull had a brief word of advice for his successor, Christopher Pratt, a career manager who has spent 27 years with Swire.

"Enjoy," he said.
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Old December 13th, 2005, 12:23 AM   #579
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12 December 2005
Corporate Press Release
Cathay Pacific releases November 2005 traffic figures

Cathay Pacific today released traffic figures for November 2005 that show a double-digit increase in the number of flights in the past year underpinning steady passenger and cargo growth.

The airline carried 1,283,169 passengers in November, an 8.1 percent increase on the same month last year, and 100,130 tonnes of cargo, a 15.2 percent rise. Passenger growth was slightly below a corresponding 9.7 percent increase in capacity, measured in terms of Available Seat Kilometres. Cargo tonnage was again boosted by transhipment cargo to and from Shanghai.

Last month Cathay Pacific operated 2,878 flights, a 10.7 percent increase year-on-year. The airline has in the past year expanded its fleet and strengthened its network. Eight additional aircraft entered service with Cathay Pacific in 2005.

In November, a new three-times-weekly freighter service was launched to Dallas and Atlanta in the United States. Passenger services to Europe were strengthened with the announcement of a daily service to Rome, plus a new service to Moscow and Manchester. All will start 27 March 2006.

Cathay Pacific also announced its biggest-ever new aircraft acquisition with orders for 16 long-haul Boeing 777-300ER and purchase rights on 20 more, plus three Airbus A330-300s for regional services. The airline will have 100 aircraft in 2006, its 60th Anniversary.

November’s figures also show the passenger load factor was 76.3 percent, down 0.8 points year-on-year and the cargo load factor was 68.7 percent, almost unchanged from last year despite a corresponding 6.8 increase in capacity measured in terms of Available Cargo Tonne Kilometres.

Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said:
"Business was good in November, even though demand is usually softer ahead of the year-end holidays. Capacity has increased significantly from the same month last year with additional services to cities such as Amsterdam and Los Angeles. Yet revenue growth from an 8.1 percent increase in passenger numbers suffered continued downward pressure on yield. December looks set to be a strong month.”

Cathay Pacific Director & General Manager Cargo Ron Mathison said: “Our new Dallas and Atlanta service got off to a very good start with full loads out of Hong Kong. The first flight was just 49 kilogrammes short of its maximum capacity. Still, the peak year-end period is attracting a lot of competitor capacity, depressing yield and making inbound flights to Hong Kong harder to fill. High fuel costs continue to weigh heavy on operations.”
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Old December 13th, 2005, 12:45 AM   #580
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Still no sign of Cathay ordering A380's?
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