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Old January 8th, 2006, 01:28 AM   #601
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By marcuslai from HKADB :

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Old January 10th, 2006, 06:58 PM   #602
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10 January 2006

CATHAY PACIFIC RELEASES DECEMBER 2005 TRAFFIC FIGURES


Cathay Pacific today released traffic figures for December and cumulative figures for the whole year that show new passenger and cargo records were achieved in 2005 on the back of continued investment in aircraft and network expansion.

The airline in December carried 1,411,884 passengers, a 10.9 percent increase over the same month the previous year, and 104,994 tonnes of cargo, up 26.3 percent. The peak year-end holiday season lifted the passenger load factor to a high 80.2 percent, up 1.2 percentage points from December the previous year with traditional high demand to Europe, South Pacific, the UK and the Philippines.

December’s cargo load factor was 68.5 percent, up only 0.3 points from a year ago. This reflected both the availability of greater capacity and directional imbalances of trade. Freighters departing Hong Kong full often return from Europe, North America and Australia with much lighter loads.

Figures for the full year show that passenger and cargo growth kept ahead of corresponding increases in capacity – an indication that Cathay Pacific remained very competitive against other carriers.

The airline carried a record 15,438,243 passengers in 2005, a 13.0 percent increase over 2004 – itself a record year. The passenger load factor in 2005 gained 1.7 points to 78.7 percent. The volume of cargo carried increased 15.0 percent to 1,118,047 tonnes, another annual record. The cargo load factor for the year dipped 1.7 points to 67.0 percent.

Meanwhile, passenger capacity measured in terms of available seat kilometres, or ASKs, increased 11.8 percent over the same period as seven passenger aircraft joined the fleet, enabling more flights. A third daily service was added to Los Angeles, a fourth to London and additional flights were launched to Amsterdam, Beijing, Ho Chi Minh City, Jakarta, Johannesburg, Nagoya, Perth, Singapore and Xiamen.

Two freighters joined the airline’s fleet during the course of the year, including last month’s delivery of the world’s first freighter converted from a Boeing 747-400 passenger aircraft. A brand new freighter service was launched to Dallas and Atlanta. This contributed to a 12.9 percent increase in cargo capacity, measured in terms of available cargo/mail tonne kilometres.

Cathay Pacific’s fleet will total 100 aircraft in 2006, its 60th Anniversary year. Pressing ahead with future growth, the airline in December announced its biggest-ever acquisition of new aircraft with orders for 16 long-haul Boeing 777-300ERs and purchase rights on 20 more, plus three Airbus A330-300s for regional services.

This coming Chinese New Year Cathay Pacific will operate an additional 68 pairs of flights to meet peak demand. Extra services and charters will operate to Taipei, Sapporo, Seoul, Bangkok, Osaka, Langkawi and Pusan. The airline operated 52 additional pairs of flights during last year’s Lunar New Year.
Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said: "It was a good December and a successful 2005, even though high fuel prices took the shine a strong all-round performance. Growth in 2005 was demand-led with strong support in both the front and back end. The strength of our network sustained all our new services introduced through the year. December flights were very full even though Christmas and the Chinese New Year holiday fall within a month of each other. Yet with even more extra flights planned than last year, the Chinese New Year is shaping up to be very busy for us as well.”

Cathay Pacific Director & General Manager Cargo Ron Mathison said: “We finished the year with a strong December. The carriage of mail also made a significant contribution for the year. High demand for shipments out of Hong Kong continued to contrast sharply in December, as it has all year, with a much weaker in-bound market made worse by an abundance of competitor and charter capacity to and from Europe and North America.”
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Old January 10th, 2006, 11:52 PM   #603
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Fuel prices likely to erode Cathay earnings
Officials still cautious even after carrier transported record number of passengers and cargo last year
11 January 2006
South China Morning Post

Cathay Pacific Airways transported a record number of passengers and cargo last year but consistently high second-half fuel prices appear destined to dilute the carrier's earnings for the year.

Hong Kong's top airline easily eclipsed 2004's record for passengers carried, moving 15.4 million leisure and business travellers across its global network, up 13 per cent.

"It was a successful year even though high fuel prices took the shine off a strong all-round performance," Ian Shiu, general manager for revenue management, sales and distribution, said in a statement yesterday.

The average price for a barrel of jet fuel reached US$72.68 in the second half, up 15.4 per cent on the previous six months, during which Cathay saw interim earnings fall a comparative 5.7 per cent to $1.67 billion.

Even with the Lunar New Year "shaping up to be very busy", according to Mr Shiu, top management is cautious about the year ahead.

Chief executive Philip Chen Nan-lok urged Cathay staff to "fight for every market" this year at the company's management conference last month.

"It will not be an easy ride. The already competitive environment in which we operate is set to intensify," he said in the airline's in-house magazine CX World. "[Profit] margins are already being eroded and that means we have to work aggressively to meet cost and productivity targets."

Cathay's cargo volumes, boosted by new freighter services to Shanghai, Dallas and Atlanta last year, also reached new a high; it moved 1.12 million tonnes, 15 per cent higher than the year before.

Its performance last month was typical of a year in which sales were buoyant, but in which little, if any, of the added revenue was expected to trickle down to the bottom line: Cathay carried 10.9 per cent more passengers and 26.3 per cent more cargo for the month than it did the year before.

"Cathay ended last year on a firm note. The airline was helped by a strong revenue environment all year," said Peter Negline, head of regional transport research for JP Morgan. The problem is that high fuel prices, compounded by inadequate fuel hedging, should prevent any bottom line growth. Margin compression remains a concern."

Mr Negline projected Cathay's earnings to fall to $4 billion for 2005, down 10 per cent on the previous year's performance.

And experts such as Brian Pearce, the chief economist for the International Air Transport Association (Iata), expect fuel to remain the industry's Achilles heel this year. We are looking for only a very gradual decline in oil prices this year," Mr Pearce told journalists at Iata's global press briefing in Geneva last month. "We have seen two years of very strong revenue growth, but that is starting to slow. The industry is certainly past its peak."
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Old January 11th, 2006, 04:33 PM   #604
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11 January 2006
Corporate Press Release
Cathay Pacific sponsors International Chinese New Year Night Parade during its 60th Anniversary year

Cathay Pacific Airways today announced that it is proud to be the sponsor of this year’s Cathay Pacific International Chinese New Year Night Parade, welcoming the Year of the Dog on Sunday, 29 January 2006. The airline has sponsored the parade for many years. It has become a family tradition in Hong Kong as well as a major attraction for visitors from overseas.

The auspicious spectacle will also be the first big celebration to mark Cathay Pacific’s 60th Anniversary year of serving Hong Kong, and signals the start of a series of events highlighting the airline’s past – and future – commitment to the city.

Cathay Pacific’s float, which leads the parade, will have an Anniversary flavour with models of aircraft from the airline’s past and present fleet. Cabin crew accompanying the float will wear vintage uniforms from Cathay Pacific’s past, reviving memories of six decades of service excellence.

Cathay Pacific Chief Executive Philip Chen said: "Sixty years of uninterrupted Cathay Pacific investment in Hong Kong has strengthened Hong Kong as a global aviation hub, helped to build up Hong Kong as Asia's world city and brought in tourism and investment. Our investment continues to grow and we will continue to employ more people, add more aircraft and introduce new destinations."

Mr Chen added: "We are delighted to begin Cathay Pacific's 60th anniversary year with the International Chinese New Year Parade. It is a truly world-class spectacle and an annual highlight for Hong Kong families and tourists alike."

A splash of Anniversary colour will accent Hong Kong’s two other major events of the year – the Rugby Sevens and Hong Kong International Races – both of which are sponsored by Cathay Pacific. Other Anniversary events are planned.
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Old January 12th, 2006, 12:08 AM   #605
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Cathay eyes Shanghai flight rights

Cathay Pacific Airways said it hopes to gain approval from China's civil aviation regulator to fly to Shanghai this year.

Alman Loong
Hong Kong Standard
Thursday, January 12, 2006

If approval is forthcoming at annual air service talks between the SAR government and Chinese authorities scheduled for this quarter, it will be the third mainland destination opened to Cathay since a decade-long suspension was lifted in 2003.

Cathay chief executive Philip Chen said Wednesday the company hopes to reopen the Hong Kong-Shanghai route this year, without elaborating further.

Cathay Pacific won approval from mainland authorities to fly to Xiamen in 2005 and Beijing in 2003.

"We have no idea about when the meeting [for China-Hong Kong air talks] will be held," said Ian Callendar, general manager of Cathay Pacific's international affairs department.

Callendar said Cathay Pacific hopes to tap an important hub like Shanghai so it can handle passenger traffic on its own instead of passing them to its partners such as China Eastern Airlines.

The carrier halted flights to China in 1991 as the result of an understanding between Hong Kong and China that only one local airline could fly China routes. Hong Kong Dragon Airlines, Cathay Pacific's smaller rival, was the chosen carrier.

The understanding was scrapped in 2003 and Hong Kong's Air Transport Licensing Authority (ATLA) allowed Cathay Pacific to resume flights to the mainland.

The airline initially planned to run four return flights a day to Shanghai, three to Beijing, and one to Xiamen.

ATLA limited it to three daily round-trip services to both Shanghai and Beijing and three weekly round-trip flights to Xiamen. Now all that is required to cement the Xiamen service is mainland approval.

Cathay Pacific earlier estimated that the three mainland routes could boost its passenger numbers by 420,000 a year. Dragonair earlier warned that it would "suffer financial devastation" when Cathay resumed mainland flights. China Eastern Airlines also said the move would narrow its profit margin.
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Old January 12th, 2006, 06:29 PM   #606
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BROKER CALL-HK's Cathay Pacific 2005/2006 earnings forecasts raised -Citigrop
12 January 2006
AFX Asia

HONG KONG (XFN-ASIA) - Citigroup said it has raised its forecasts for Cathay Pacific Airways earnings for 2005 and 2006 following strong operating figures for last year.

Citigroup raised its net profit estimate for the airline for 2005 by 9.0 pct to 3.065 bln hkd from an earlier forecast, and also by 9.0 pct for 2006 to 4.04 bln hkd from a previous forecast.

It maintained its "buy" call and target price of 16 hkd for the stock, it added.

"Cathay continued to impress on the operational front, carrying 15.44 mln passengers and 1.12 mln tons of freight in 2005 !X an increase of 13 pct and 15 pct from a record 2004; Cathay is one of our top picks in the transport sector," it said.

It said Cathay's revenue passenger kilometers, which was up 13.7 pct in 2005, outpaced its forecast of 10 pct, and so did the airline's freight ton kilometers, which was up 10.2 pct last year from a year earlier, and higher than Citigroup's estimate of 10 pct.

Citigroup said it expects revenue passenger kilometers to grow by 13 pct and and 12 pct in 2006 and 2007, respectively.

It said it sees high oil prices remaining as a major drawback and assumes jet fuel for this year to reach 67.5 usd per barrel of oil and 65 usd for 2007.

Jet fuel prices averaged 67.78 usd per barrel in 2005.

At the morning close, Cathay was up 0.10 hkd or 0.71 pct at 14.20.
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Old January 16th, 2006, 06:15 AM   #607
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Discontented Cathay crew turn to e-mail to get their message across
16 January 2006
South China Morning Post

Disgruntled Cathay Pacific cabin crew are conducting an e-mail campaign to protest over the company's new rules on sick leave and its refusal to hold year-end pay negotiations with their union.

Dozens of stewards and stewardesses have written e-mails objecting to a Christmas message sent out by a Cathay executive, in which he claimed the union was trying to "sour relations" between management and staff.

The message from Peter Langslow, general manager of inflight services, accused the Flight Attendants Union (FAU) of misrepresenting staff views, and said the "vast majority" of staff welcomed the sick leave rules.

At the same time, Cathay claimed cabin crew were happy with their 13-month bonus and automatic pay scale rises, even though no pay rise was included in their year-end package and talks with the FAU were refused.

The FAU has now been circulating anonymous e-mails from some of its 4,000 members criticising Mr Langslow's message and accusing the company of giving them a raw deal on salaries and sick leave.

One FAU member described the rules, which allow the company to scrutinise the medical records of staff who persistently call in sick, as "another strong-arm tactic to bully us into submission".

Another stewardess said of the lack of pay rise: "Why don't they want to share with us but share among themselves? We are only asking for a reasonable share. This way the poor become poorer and the rich become richer."

FAU leader Becky Kwan Siu-wa said more than 100 responses had been e-mailed after Mr Langslow's Christmas message. A union response was now being presented to members which she hoped would attract "thousands" of signatures.

However, a Cathay spokeswoman responded that a number of forums with staff had been held about the end of year pay adjustments and the issue of sick leave, with positive feedback.

"The majority of comments from the crew community have been positive with regards to both the AMP (attendance monitoring programme) and the salary increases announced," she said.

Internal surveys also indicated that crew were increasingly happy with their work at Cathay, the spokeswoman said, continuing a trend that had been under way for "a number of years".

"We fully understand and accept that not all crew will be happy with all of the decisions made by the company. This is inevitable in a workforce of over 6,500."
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Old January 18th, 2006, 12:42 AM   #608
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$2.74m claimed for injuries at airport
Albert Wong
17 January 2006
Hong Kong Standard

A former Cathay Pacific employee claims that an "unsafe system" left her faced with a task she was not equipped to do, causing her physical and psychological harm.

In a case that opened Monday, Winky Chau, a former airport services officer in charge of escorting passengers off airplanes, is claiming HK$2.74 million from Cathay for sprains in both her ankles and her right wrist, sustained bearing the weight of two 60-year-old passengers falling down an escalator.

Describing how she sustained her injuries, Chau testified that she was receiving passengers from a Taipei flight in 1998 when she spotted two elderly people walking with difficulty and carrying heavy luggage. One was using a walking stick, she said.

She proposed stopping an escalator as they approached it as she feared they would not be able to step onto the moving steps.

However, in a hurry to meet their transit to the mainland, the passengers refused her offer, Chau said.

Although there were emergency phones attached to the wall, she said she did not want stop to make a call, risking losing sight of the passengers.

About one-third of the way up, the two passengers toppled on top of her, and using her body to support them, she prevented them from falling all the way down the escalator, she said.

She was wearing two-inch heels, "as required by our uniform" she said.

Her counsel Erik Shum noted that there was a passenger on that flight who had been classified as requiring special assistance and was looked after accordingly. Elderly passengers classified as requiring special assistance are usually treated by better-prepared customer service officers, not airport services officers like Chau, Shum said, but in this case, his client was left to deal with a "stray fish."

Shum said: "It is wrong for [Cathay] to assume that no passengers would require special assistance even though none of them were classified.

"The result of this unsafe system was reflected in the accident."

Shum submitted that Cathay should have trained her to deal with people needing special assistance and that she should have been provided with a walkie-talkie, wheel chairs and supporting staff to aid her.

When training to be an airport services officer, Chau _ who began working for the Hong Kong carrier in 1995 _ was not taught how to handle special assistance cases nor was she given a manual or guidelines, she said.

She worked for Cathay until 2003.

Counsel for Cathay, Ashok Sakhrani, submitted she should not have dealt with the passengers herself and that the suit was filed out of time, since the incident took place in 1998.

Justice Azizul Suffiad is presiding.
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Old January 18th, 2006, 01:06 AM   #609
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Wikipedia lists the following as future destinations for Cathay:


Possible new services from Hong Kong:

Chicago, United States (via Vancouver, Canada) (Chicago O'Hare International Airport)
Christchurch, New Zealand
Dallas, United States (Dallas/Fort Worth International Airport)
Munich, Germany (Munich International Airport)
Shanghai, People's Republic of China


Possible new transatlantic service from London Heathrow to

New York, United States


Possible resumed services from Hong Kong:

Zurich, Switzerland (Zurich International Airport) (Currently codesharing on British Airways' flights from London Heathrow)


Interesting...
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Old January 22nd, 2006, 09:15 AM   #610
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Thigh's the limit as Cathay turns 60 in style
22 January 2006
South China Morning Post

Cathay Pacific passengers will get a free trip down memory lane this year as part of the airline's 60th anniversary celebrations.

During flights in August and September, 2,000 stewardesses clad in uniforms from yesteryear will be posing for photos with passengers in addition to selling duty-free goods and serving meals.

To ensure authenticity, the airline has already spent an entire year tracking down the original hats, shoes and materials, and reprinting the patterns for fabric used in their blouses.

"People who flew for the first time 30 or 40 years ago will remember the first time their mum took them to Japan, or their trip to the United Kingdom when they left Hong Kong to study," said Iris Lim, assistant manager of uniforms and grooming standards.

"They will see the uniforms they remember best from their past. Stewardesses will be encouraged to take photos with the passengers. We are the first airline to ever do this and we have copyrighted the idea. We are also one of the only airlines that changed their uniforms so often and so dramatically."

When the airline first took off in 1946, flight attendants were clad in navy blue military-inspired outfits complete with stylish hats. The trend lasted until 1962, when a red suit and a white shirt with a mandarin collar and Chinese flower buttons were introduced. Since then, the airline has incorporated red into every uniform.

"Passengers in the past liked the Eastern Seas [1974 to 1983] uniform the best, but we couldn't stand them. The stewardesses now all want to wear the old military uniforms," she said. "My favourite is the miniskirt [1969 to 1974]. The Beatles were so popular then and skirts kept getting shorter and shorter. We were all very fit and loved to show off our legs."

To ensure passengers know who is in charge and to "signal modern-day continuity", only one out of every three flight attendants will model the vintage uniforms on the flights this summer.

The limited numbers have resulted in an internal contest between flight attendants.

"More than 3,000 flight attendants have written letters to management begging for the chance to wear the nostalgic outfits. The juniors think it's such a fresh and fun idea. Some of them have requested to wear all the uniforms," said Ms Lim, who was a flight attendant in the 1960s. "But we have to see who looks good. Not everyone looks good in every outfit. Everyone's posture and figure is different."

The decision will be announced after two months of fittings, to take place after the Lunar New Year.

For those who have no plans to fly during the summer months, the airline is planning on staging mini-fashion shows at shopping centres across Hong Kong.
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Old January 23rd, 2006, 04:12 PM   #611
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Forget the glamour, now life's a grind for flying saleswomen
22 January 2006
South China Morning Post

Sixty years ago, stewardesses had to speak two foreign languages, be registered nurses and look like supermodels. Today, the job is stressful, poorly paid and more about sales than service.

"It was the ultimate job for young women," said Jim Eckes, an aviation consultant with 30 years' experience. "But their status has gone down in the past 60 years. They don't need to be college graduates any more. It has become just another ho-hum job.

"In the United States, some stewardesses get paid so little they qualify for food stamps. Layover times for long-haul flights are also shorter, so cash subsidies have been reduced."

Mr Eckes, managing director of consultancy Indoswiss Aviation, said that as the industry had grown and anti-discrimination laws were implemented, the demands on stewardesses were relaxed.

"In the past, stewardesses had to retire by 35 and stay under a certain body weight," he said. "But this has changed. In the US, there are often stewardesses who are so wide they cannot fit in the aisles and have to turn sideways."

Katharine Leung, a cabin crew training consultant for OneCrew, said: "There is more sensitivity to discrimination. We even avoid asking for photographs from applicants."

The personality requirements reflect the changing role of cabin crew. In the 1940s they were akin to military staff; in the 1950s the emphasis was on glamour; by the 1990s service was key.

Today, they are something between security officers and sales staff - expected to push mileage club memberships and duty-free goods. "There is more of an emphasis on personality. They need to know how to be assertive. Instead of details like pouring the milk before the tea and stirring clockwise {hellip} they need to know how to sell - and not just the things on the sales cart," Ms Leung said.
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Old January 26th, 2006, 03:21 AM   #612
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24 January 2006
Corporate Press Release
Cathay Pacific to serve lucky Chinese New Year treats on flights





Cathay Pacific Airways today announced that festive good luck treats will be served on flights to celebrate the Lunar New Year – the most important Chinese festival – and the Year of the Dog.

Rice Pudding and Turnip Pudding will be offered to First and Business Class passengers on all long haul services from Hong Kong from the day before Chinese New Year’s Eve until the third day of the New Year (27 January – 31January 2006). From 29 – 31 January passengers in all classes will receive a gift box of special New Year snacks.

The two puddings have a special significance in Chinese culture, and reflect the desire to rise in rank or reach greater prosperity year after year. Both puddings were created by Hong Kong's Jade Garden Chinese Restaurant. The sweet Jade Garden Glutinous Rice Pudding is flavored with Red Dates while the savory Jade Garden Turnip Pudding features Preserved Meat and Dried Scallop.

Hong Kong's Jade Garden Chinese Restaurant was founded in 1971, and is renowned for its authentic Cantonese cuisine.

During the first three days of the Chinese New Year (29 – 31 January) all passengers will receive decorative boxes containing festive snacks to help make sure the coming year will be lucky and prosperous. The First and Business Class gift box will contain Deep Fried Dumplings, Deep Fried Sesame Balls and Honey Coated Walnuts. In Economy Class, passengers can savour Deep Fried Dumplings – also referred to as Sweet Golden Pockets.

A Treasure Box containing a selection of traditional Chinese New Year snacks, including Sweetened Dried Lotus and Sweetened Dried Winter Melon will be offered in First Class during the first 15 days of the New Year.

Everyone at Cathay Pacific wishes you a happy, peaceful and prosperous Year of the Dog!
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Old January 28th, 2006, 02:37 AM   #613
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Sacked Cathay pilot wins right to UK hearing
House of Lords sets precedent with ruling on jurisdiction for labour dispute

28 January 2006
South China Morning Post

Britain's top appeals court has given some employees of Cathay Pacific Airways recourse to British labour laws in a decision that has wider implications for how British-controlled firms in Hong Kong handle staff dismissals.

The House of Lords upheld an appeals court decision allowing George Crofts, one of 51 pilots sacked by Cathay in 2001, to seek compensation for what he saw as unfair dismissal at the hands of Veta, a wholly owned subsidiary of the airline. In 2004, Britain's Employment Tribunals had said it was within its jurisdiction to hear Mr Crofts' complaint, a finding Cathay appealed at the tribunal and appeals court levels.

"I think not only that the tribunal was entitled to reach the conclusion which it did, but also that it was right," Lord Hoffmann said in the 5-0 decision in Mr Crofts' favour. "I would therefore dismiss Veta's appeal."

While Cathay is unlikely to suffer substantial financial losses from the subsequent tribunal hearing - 11 of the 12 British-based pilots sacked in 2001 accepted an offer from the airline in April last year - Mr Crofts undoubtedly will see the decision as an important symbolic victory.

Those close to Mr Crofts say his five-year battle with the airline was less about compensation - the tribunal's cap is said to be less than the amount that Cathay offered him to settle last year - than it was about gaining public acknowledgment that he and his colleagues were unfairly dismissed.

Cathay said it was seeking counsel in Hong Kong and Britain to see if the decision was "compliant with the letter of the UK labour law". "We are disappointed with the ruling," a spokeswoman said. "It has always been the company's belief that the dismissal of Mr Crofts was carried out entirely in accordance with the terms of his contract and was perfectly legal under Hong Kong law."

Mr Crofts is favoured to win the tribunal hearing.

In a letter last year to fellow "49ers", as the sacked pilots are known, Mr Crofts urged them to turn down Cathay's offer - believed in his case to be 10 months' salary and re-employment.

"[The] 49ers are black-banned with virtually every prestige airline in the world as a result of being branded troublemakers. This offer makes no attempt to rectify that wrong. It does not in any way clear our names or record," Mr Crofts wrote. "Expunging the unjust, unlawful termination of the 49ers is paramount to us all. It is, in fact, your careers that rest on this action."

Most of those rehired by Cathay were taken back as cargo pilots at lower wages and less senior positions. Cathay and the pilots' union have mended fences recently after almost five years of acrimony. But that did not lessen the importance of Mr Crofts' victory in union eyes.

"The ruling of the House of Lords sets an important precedent in that an employee of a Hong Kong company, but based in the UK, now clearly has the right to claim a hearing under UK law when he or she believes dismissal was unfair," said John Findlay, general secretary for the Aircrew Officers Association. "It is a process we hope never to have to use in the future. We all hope the new spirit of co-operation will continue and, indeed, be built upon."

Of the sacked pilots, 17 continue to seek compensation through the Hong Kong legal system.
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Old January 28th, 2006, 02:01 PM   #614
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28 January 2006

Cathay Pacific honoured as “Airline of the Year 2006”


Cathay Pacific marked an auspicious start to the Chinese New Year and the airline's 60th anniversary as it was named 'Airline of the Year 2006' by Air Transport World (ATW) magazine, the leading monthly magazine covering the global aviation industry.

US-based ATW said the airline of Hong Kong "is respected and admired among peers for its unwavering commitment to safety, technical excellence and customer service".

ATW's annual industry awards were created in 1974 to recognise excellence and have become one of the most prestigious and valued honours that a company or a person in the airline industry can receive. One airline executive was quoted as saying, "It is like winning a gold medal at the Olympic Games!”

"The 'Airline of the Year' award, the most coveted for overall excellence, goes to a major airline which over the years has exhibited outstanding performance. Cathay Pacific has been among the elite of the world's airlines for several decades," says ATW Editorial Director J.A Donoghue.

Cathay Pacific Airways' Chief Executive, Philip Chen noted: "It is a great honour to receive such recognition - but it is only through the support and guidance of our board, the excellence of all who work at Cathay Pacific and the support of our partners and customers that this is possible. This award means a great deal to us all."

Mr Chen added: "We are especially honoured to receive this award in the year of our 60th anniversary as we reflect on our development over the past six decades in Hong Kong. I hope this is an award that many people will feel part of and can be proud of."

The ATW award winners are selected by a panel of judges which consists of ATW editors from around the world. Nominations are submitted from outside the magazine and from the editors themselves. The panel then enter an exhaustive debate before the winner is decided.

"For an airline to win this award it should have provided exemplary service to the public while compiling a model safety record, been innovative in developing new markets and services, been a leader in applying new technology to the airline industry, and consistently been profitable,' said Mr Donoghue.

Philip Chen will be presented with the 'Airline of the Year 2006' award on behalf of Cathay Pacific on 20th February at a gala dinner in Singapore.
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Old January 29th, 2006, 07:15 AM   #615
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By Bowen Chau @ HKADB :



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Old January 29th, 2006, 07:42 PM   #616
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Cathay Pacific Named Airline of the Year by Air Transport World Magazine

WASHINGTON - (BUSINESS WIRE) - Jan. 27, 2006 - Penton Media, Inc. (OTCBB:PTON):

Air Transport World magazine, the leading monthly magazine covering the global airline industry, selected Cathay Pacific Airways as its Airline of the Year for 2006. "One of the world's largest and most profitable airlines," Hong Kong-based Cathay Pacific "is respected and admired among peers for its unwavering commitment to safety, technical excellence and customer service," ATW's editors said.

ATW Editorial Director J.A. Donoghue added: "Cathay Pacific has been among the elite of the world's airlines for several decades. Its dedication to airline business fundamentals helped it to survive potentially devastating events such as the SARS crisis and 9/11 with its employee group intact and happy and its string of profitable years undisturbed."

Other award winners include VLM Airlines, named ATW's Regional Airline of the Year. Based in Antwerp, Belgium, VLM "is a rarity among Regionals today. It is independently owned, flying in its own livery without business links to a larger carrier, connecting busy business centers in Western Europe with a fleet of Fokker 50s and staying profitable for seven consecutive years," ATW's editors said.

JetBlue Airways received ATW's Passenger Service Award for its innovations. "It has changed passenger perceptions and raised expectations of what a 'budget' airline can and should be," the editors said. These innovations include automating passenger processing, leather seats with generous pitch and Live TV entertainment with a choice of 36 channels throughout the airplane, amenities unheard of in a so-called Low Cost Carrier.

Gol, "The Intelligent Airline", received the Market Leadership Award for bringing the Low Cost Carrier revolution to the Brazilian market. Gol "is transforming the way people travel in Brazil," pricing its product to compete with intercity bus lines. "With a route network that encompasses 47 destinations served by more than 430 daily flights," Gol has captured nearly one-third of the Brazilian domestic market.

Korean Air was named the Phoenix Award winner, presented to airlines that have gone through a major transformation. "In the late 1990s Korean's management decided a complete overhaul was needed and the company began to methodically move in the right direction." Today Korean's goal of becoming one of the best ten airlines in the world by 2010 "is highly credible," ATW said. The Joseph S. Murphy Industry Service Award was presented to the International Air Transport Association for a wide range of activities, ATW said, including opening new time and fuel-saving air routes, fighting unjustified taxes and charges, and developing new business and operating standards that increase efficiencies in airlines around the world.

Embraer, the Brazilian aircraft manufacturer, received the Aviation Technology Achievement Award for its Embraer 170/190 family of large regional jets that brought new levels of technology and passenger comfort to the world's airlines.

The awards will be presented on Monday, February 20, in Singapore on the eve of the Singapore Air Show at Air Transport World's Gala Awards Dinner at the Swissotel The Stamford. Event registration is at http://conference.atwonline.com .

Air Transport World is the leading monthly magazine serving the airline and commercial aircraft manufacturing industries. The magazine began its annual awards program in 1974 to recognize excellence in the airline and commercial aerospace industries. Air Transport World is published by Ohio-based Penton Media (OTCBB:PTON), a diversified, global business-to-business media company.

Air Transport World J.A. Donoghue, 301-650-2420 ext. 110
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Last edited by hkskyline; January 29th, 2006 at 07:47 PM.
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Old February 7th, 2006, 04:50 PM   #617
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HK's Cathay Pacific, Swire Pacific say chairman resigns for 'personal reasons'
2 February 2006
AFX Asia

HONG KONG (XFN-ASIA) - Cathay Pacific Airways Ltd and parent Swire Pacific Ltd said in separate statements that David Turnbull has resigned as chairman and director of both groups for "personal reasons".

David Fu, company secretary for both Cathay Pacific and Swire Pacific, said in a statement that Turnbull's resignation took effect on Tuesday.

Christopher Dale Pratt has been elected chairman of the board of both groups and appointed as a director with effect from yesterday.

Turnbull has confirmed that his resignation is for "personal reasons and that he is not aware of any disagreement with the board," Fu said.

Pratt's annual salary, together with allowances, will be 6.47 mln hkd at Cathay Pacific, with a similar amount at Swire Pacific.

In another statement, Fu said Turnbull has been re-designated as non-executive director, from an executive director, of Swire Pacific unit Hong Kong Aircraft Engineering Co Ltd (HAECO) with effect from yesterday.

He remains chairman of the board of HAECO.
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Old February 9th, 2006, 05:52 AM   #618
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Cathay link to Moscow hits turbulence
9 February 2006
South China Morning Post

Cathay Pacific Airways' bid to begin flights to Moscow next month has met turbulence with unresolved commercial and operational issues delaying the maiden flight to the Russian capital.

The new service was pending approval when Cathay in December announced its March 27 launch date. It is still awaiting government consent and with less than two months to go, the management has decided to postpone the launch.

The flight was to continue from Moscow to Manchester, England, marking Cathay's return to the key northern commercial centre after more than a decade's absence.

"Preparations for a new service typically need to be completed well in advance of the launch date," Cathay said yesterday. "Unfortunately, we continue to await the completion of regulatory formalities regarding Manchester, which is taking longer than originally anticipated, so the airline has made the decision now to postpone."

The airline has been operating a code-share service with the state carrier Aeroflot since June 2004, which operates using the Russian carrier's B767 aircraft.

According to an executive involved in the talks, a key hurdle is Aeroflot's lack of traffic rights to fly to Manchester, a fact Cathay management was appraised of only late last month. Cathay would not comment on Aeroflot's bilateral status yesterday but none of the problems are thought to originate on the Hong Kong side.

Alexey Sumchenko, Aeroflot's general manager for Hong Kong, did not respond to inquiries this week.

Cathay's bid to fly its own aircraft to Moscow has struggled to get off the ground. The service was first announced by former chairman David Turnbull in May 2004 with at least one target date, in July last year, postponed previously.

Russian travellers visiting Hong Kong constitute a small but rapidly growing market, making it necessary from a profit perspective for Cathay to include an onward destination such as Manchester. According to the Hong Kong Tourism Bureau, 22,200 Russian citizens visited Hong Kong last year, up 32.6 per cent on the year before.

Cathay, which had already begun selling tickets for the service, said it continued to work with its partners in the hopes of resolving the outstanding issues.

"Travel agents have been advised of the postponement," the carrier said. "Any passenger who has made a booking to Manchester will be offered an alternative routing through London Heathrow. Passengers booked to Moscow will be able to travel on our existing code-share service operated by Aeroflot."
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Old February 9th, 2006, 05:45 PM   #619
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Light read and light meals equal huge savings for Hong Kong airline

HONG KONG, Feb 9, 2006 (AFP) - Lighter reading and light meals appear to be key to Hong Kong airline Cathay Pacific's plans to trim weight -- and fuel bills -- on its international flights.

The airline believes it can shed up to half a tonne of weight on each flight if it prints its in-flight magazine "Discovery" on thinner paper and swaps its food carts for new lighter trolleys.

It is also considering stripping 200 kilogrammes from cargo planes by stripping them of paint, the latest edition of the airline's staff magazine "CX World" reports.

With airline fuel prices rocketing and fuel consumption fluctuating with weight, Cathay believes the cuts could trim its bills by up to 35 million Hong Kong dollars (4.48 million US dollars) a year.
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Old February 13th, 2006, 12:21 PM   #620
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13 February 2006

Cathay Pacific releases January 2006 traffic figures


Cathay Pacific today released traffic figures for January 2006 that show a solid start to the year, boosted by a seasonal peak over the Chinese New Year holiday during which the airline operated 70 extra pairs of services to meet passenger demand.

The airline in January carried 1,388,805 passengers, a 15.1 percent increase over the same month last year. The shifting date of the Chinese New Year can make accurate year-on-year comparisons difficult – the holiday last year fell in February. Still, passenger growth for the period remained ahead of a corresponding 11.4 percent increase in passenger capacity, measured in terms of available seat kilometres, or ASKs.

Demand was strong to Australia and New Zealand, where it was the height of summer, and also to destinations within Southeast Asia – places that many leisure travellers avoided last year following the Indian Ocean tsunami. January’s passenger load factor was a high 80.4 percent, a rise of 0.8 percentage points.

The airline carried 91,366 tonnes of cargo in January, a 21.9 percent rise over the same month in 2005. A boost to shipments is normal during the run-up to the Chinese New Year. At the same time there was a 14.4 percent increase in capacity, measured in terms of available cargo/mail tonne kilometres. Two additional freighters have joined the fleet in the past year and new services commenced to Shanghai, Dallas and Atlanta.

The cargo load factor was 61.9 percent – a reflection of the fact that far more goods are being exported from southern China through Hong Kong than are being imported from the United States and Europe.

Fuel prices remained high. Their full impact in 2005 will be revealed when the company issues its Annual Results for the year on 8 March.

Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said: “Business over the Chinese New Year was good considering it fell so close to Christmas. Although loads have been high, stiff competition on many key routes and a strengthening of the US dollar against foreign currencies depressed yield. “

Cathay Pacific Director & General Manager Cargo Ron Mathison said: “Cargo growth in January got a boost from the pre-holiday peak, the addition of two freighters and new services to the US and Shanghai, which were not in place this time last year. Yet underlying demand is spiky and somewhat unpredictable with continued uncertainty over the imposition of quotas on Chinese-made garments in Europe and the US. Business will likely be weaker in February.”
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