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Old July 2nd, 2006, 07:52 AM   #721
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Cathay Pacific Invites You To Experience A New Discovery
1 July 2006
Corporate Press Release



Cathay Pacific Airways has given a face lift to inflight magazine Discovery. Starting with the July issue, the magazine will come with a new look, fresh editorial concept and easier-to-navigate inflight entertainment guide.

Greater focus will be put on Asia, and in particular, Hong Kong — the airline's home base. It will be chock-full of facts and information, fascinating stories and stunning visuals. Stories will bring together the best of East and West in culture, food, entertainment, luxury and lifestyle; making Discovery unique among inflight magazines around the world.

New elements include Fusion, a bi-lingual section tackling topics of interest to both Western and Asian readers in a light-hearted, individual manner – from art and culture to entertainment and everyday incidences of language and life. A précis in secondary languages will supplement every single language feature.

Exciting features in the July issue include:

* New Global Asia: In this exclusive essay for Discovery, celebrated travel writer and author Pico Iyer explains how Asia is influencing the West, and is at the centre of the 21st century.

* Ethnic Hong Kong: Immigrants from every continent have made Hong Kong truly the place where the best of East and West comes together.

* Whistle Blower: While Whistler may have started as a ski resort, it has become just as successful and busy in summer.

* Stunning Berlin: A look at how the city prepare to put on an impressive show for big events such as the World Cup.

* New Zealand Escape: Visiting Marlborough and savour its fine wine and dine on superb cuisine.

The Entertainment section of Discovery, which has also been given a fresh look, provides helpful details on the programmes in a modern and refreshing layout.

The award winning magazine has been read on Cathay Pacific flights for more than 25 years.
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Old July 2nd, 2006, 02:45 PM   #722
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Quote:
Originally Posted by hkskyline


An impression of Boeing 747-400ERF
why are the engines RR, i thought the -400ERF only had PW or GE
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Old July 3rd, 2006, 07:23 AM   #723
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Traditionally CX has favoured Rolls Royce engines for its aircraft.
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Old July 3rd, 2006, 07:25 AM   #724
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Unlocking value is Cathay's challenge - Swire chairman sees long-term benefits from Air China stake
3 July 2006
South China Morning Post

Part of the challenge for Cathay Pacific Airways in bidding for Hong Kong Dragon Airlines will be to "uncork the value" of Cathay's stake in Air China, which will double as part of the deal, says Christopher Pratt, chairman of Cathay's parent Swire Pacific.

When the deal was announced last month, the spotlight shone on the benefits of the $8.22 billion buyout of Dragonair. It may take longer for the benefits of Cathay's related $4.1 billion move to double its holding in Air China to become evident.

"Owning 20 per cent of Air China is very significant and very valuable, one senses. It's not immediately obvious how one gets to that value, but it's there - it is one of China's iconic brands," Mr Pratt said.

"It is not something one can rush. You have to observe the way they behave, how they take decisions, [and] get to know them. But I think we can help. And I think they think we can help, otherwise the deal wouldn't have happened."

"We've got skills they don't have and they have the influence we don't have in a very key market [China]," he said. "It's a good fit."

Industry pundits are still puzzled at the inherent value of the deeper shareholding structure - Air China will also spend $5.39 billion for 10.16 per cent of Cathay, a stake that will grow to 17.5 per cent after the mainland carrier privatises a subsidiary - in part due to its determination to join a rival alliance.

Cathay is in the oneworld alliance, while Air China has for the past two years doggedly pursued the Star Alliance, which includes its longtime ally Lufthansa. This may limit avenues for co-operation.

Air China believes it has negotiated the best of both worlds. The Cathay deal gives it a primary role in the Hong Kong-China market, while the Star Alliance opens key markets in Europe and the US through code-share deals with Lufthansa and United Airlines.

Air China flies 30 times a week to Germany - far more than to London, the home of oneworld partner British Airways - and Europe is its single largest market.

Star better develops Beijing as an international hub, while a oneworld membership would see most of Air China's overseas passengers funnelled through Hong Kong, says a banker involved in the deal.

"We don't see a conflict between co-operating with Cathay and joining Star since our co-operation with Cathay is focused on Greater China," said Cai Jianjiang, Air China's lead negotiator in the Cathay talks. "Both agreements will help us compete with other regional hubs such as Seoul and Tokyo."

Mr Pratt said Air China's insistence on joining Star was no surprise as the "emotional commitment" to do so was made years ago.

As a future 20 per cent shareholder, Cathay can live with Air China being a Star partner if Air China could get value out of it in the US and Europe, Mr Pratt said.

"I always expected them to [join Star] because Air China historically has been close to Lufthansa, probably closer to them than to any other single airline," he said.

"They always made it very clear to me that it could work together, and I think it can. I never saw that as a deal-breaker. I didn't allow myself to. It's a marketing alliance on several routes."

Both sides agree the key will be to forge co-operative benefits from a relationship that remains at its core a rivalry.

While competition for air-travel dollars in the Greater China market could become more civilised, the rivalry for intercontinental traffic appears destined to heat up.

"There is no point in denying there is competition; there is competition in many forms of co-operation," Mr Cai said. "We will treat ourselves as members of a big family, a family in which it is possible for siblings to compete."
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Old July 4th, 2006, 12:45 AM   #725
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Cathay Pacific Welcomes The Mainland-Hong Kong Sar Air Services Arrangement
3 July 2006
Corporate Press Release

Cathay Pacific welcomes the outcome of the latest discussions between the Mainland and Hong Kong SAR authorities which provides for an expansion of the air services arrangements, and the opportunity for the airline to resume passenger services to Shanghai after an absence of 16 years.

The airline has applied to the Hong Kong SAR Government requesting an allocation of rights to re-launch passenger flights to Shanghai, provide additional services to Beijing, and to increase all-cargo operations to the Mainland, tentatively in the fourth quarter of this year.

Shanghai is an important Mainland market for Cathay Pacific. It accounts for 35% of the passenger market and 68% of the cargo market between the Mainland and Hong Kong. The increased capacity to Beijing and Shanghai will be important in strengthening Hong Kong as the premier aviation hub in the Asia Pacific region as these two cities together represent 60% of the passenger market and 85% of the cargo market between the Mainland and Hong Kong.

Cathay Pacific Chief Executive Philip Chen said: “We appreciate the tremendous efforts made by the Mainland and Hong Kong authorities in expanding the air services opportunities. We are also encouraged that the overall arrangement supports the trend toward a more liberalized regime between the Mainland and Hong Kong”.

"We hope that both parties will continue to work towards a truly open aviation environment in China such that carriers will be free to develop their business for the greater good of Mainland aviation", he added.
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Old July 4th, 2006, 06:11 PM   #726
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Cathay Pacific Welcomes Constructive Debate On The Report Of The Competition Policy Review Committee
4 July 2006
Corporate Press Release

Cathay Pacific today welcomed the publication of the report of the Competition Policy Review Committee, and looks forward to a constructive debate within the community on the issues raised in the report during the forthcoming public consultation period. Cathay Pacific will study the report and submit a response to the government on its recommendations.

Cathay Pacific supports any policy and law that serves the best economic interests of Hong Kong and encourages fair competition on a level playing field. As a major regional and international centre for finance, trade and logistics, and the premier aviation hub of the Asia Pacific, we also believe it is very important that any competition law allows Hong Kong companies to compete on a level playing field internationally.

We believe any future competition law should serve the best overall interests of the economy in order to help improve Hong Kong’s competitive standing; apply equally to all sectors of economic activity; and recognise the unique conditions and characteristics of the Hong Kong economy.

Cathay Pacific has had considerable experience doing business in such environments, as we operate in many countries with competition laws, and make every effort to ensure full compliance with them.
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Old July 4th, 2006, 06:43 PM   #727
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Cathay To Keep China Flights After Dragonair Buyout
4 July 2006

HONG KONG (Dow Jones)--Hong Kong's Cathay Pacific Airways Ltd. (0293.HK), which Monday applied for additional flights to China, said it intends to continue flying to the mainland despite its buyout of China-focused rival Hong Kong Dragon Airlines Ltd.

Cathay will continue to offer its own flights to China alongside Dragonair flights, to give customers a wider product offering, Chief Operating Officer Tony Tyler said in the July issue of the airline's monthly staff magazine.

'We plan to run both carriers as a combined airline with two separate brands,' Tyler was quoted in the July edition of CX World magazine.

Hong Kong's dominant carrier in early June agreed to buy the remaining shares of Dragonair that it didn't already own for HK$8.22 billion, in a deal that would give Cathay coveted access to the mainland that it had lacked.

Cathay had previously been allowed to offer passenger flights to just Beijing and Xiamen, with its earlier efforts to gain more access hindered by China's reluctance to open its market and by Dragonair's opposition.

But an expanded air-services pact between Hong Kong and mainland China announced Monday could give Cathay a significant boost in flights to China, including passenger services to Shanghai for the first time in 16 years.

The airline said it has applied to the Hong Kong government for the allocation of rights to begin passenger flights to Shanghai, provide additional services to Beijing, and increase cargo flights to China beginning in the fourth quarter of 2006.

While the expanded pact could give Cathay the necessary rights to China that it has long desired, the Dragonair acquisition gives the airline immediate access to the markets along with the right infrastructure.

'For Cathay Pacific to organically grow that network would take forever and we can't afford to wait that long,' said Tyler. 'Dragonair has very attractive slots at Beijing and Shanghai too. Both those airports are pretty much full.'

Tyler said the merged carrier will have an integrated network and schedule, as well as more attractive fares for passengers traveling to China through Hong Kong.

'Sales teams will be able to market single 'through fares' across Cathay and Dragonair services in the same way connecting Cathay flights are now, making us more competitive in the marketplace,' he said.

Analysts forecast that Cathay will be able to realize savings in staff and maintenance costs due to synergies with Dragonair. However, Tyler said that no assessment has been made with regards to job cuts.

'We understand people will be concerned and hope everyone can continue to do their best for both airlines.'
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Old July 12th, 2006, 04:12 PM   #728
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Cathay Pacific Releases June 2006 Traffic Figures
11 July 2006
Corporate Press Release

Cathay Pacific Airways today released traffic figures that show a continued growth in passenger numbers and cargo tonnage in June 2006, and an overall strong performance for the first half of the year .
In the first six months of 2006, the airline carried 8,144,335 passengers, up 11.1% on the first half of 2005, while the amount of freight carried was up 10.5% at 572,552 tonnes. Rises in passenger and cargo traffic stayed ahead of capacity growth – 10.8% for available seat kilometres (ASKs) and 5.8% for available cargo/mail tonne kilometres (ATKs).

In June, Cathay Pacific carried a total of 1,392,462 passengers, up 10.7% on the same month last year. The passenger load factor for the month hit 82.8%, up 2.7 percentage points on 2005. The passenger number increase was marginally above the increase in capacity, measured in ASKs, which grew by 10.4%.

The airline carried 96,255 tonnes of freight in June, up 7.6% year-on-year. The growth in tonnage was above the capacity rise for the month, which came in at 6.9% measured in ATKs. The airline’s cargo business received a boost from the launch of a new service to Mumbai and Chennai in India, with flights commencing on 2 June.

Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said: "The performance for June is quite impressive. Long-haul routes to Europe and North America were particularly strong, with healthy front-end business helping to offset the impact of increased competition on back-end yields. All in all, it was a good build up to our summer peak and indications are that business will remain buoyant over the summer."

Cathay Pacific Director & General Manager Cargo Ron Mathison said: "For the past few months the story has been very similar – very strong demand out of Hong Kong and China to our long-haul freight destinations, with weaker traffic coming back due to excess capacity in the market. New competitors are coming into the market all the time so we don’t expect things to get any easier. However, we will get a welcome capacity boost when our second Boeing 747-400BCF ‘Boeing Converted Freighter' enters service in mid-July."
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Old July 17th, 2006, 08:26 PM   #729
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Hong Kong's Cathay Pacific to raise fuel surcharges
17 July 2006
AFX

HONG KONG (XFN-ASIA) - Hong Kong flag carrier Cathay Pacific Airways Ltd has obtained government approval to increase its fuel surcharges on passenger fares from next month, aviation authorities said.

The Civil Aviation Department (CAD) will allow Cathay Pacific to charge 481 hkd per ticket on each leg of long-haul flights, up from its current levy of 450 hkd.

The airline will also raise its levy on short-haul flights to 117 hkd per leg from 109 hkd.

The CAD reviews applications from airlines for revisions to surcharges every two months.

The price of Brent North Sea crude oil hit a record high 78.18 usd per barrel in London trade today as violence continued to rage in the Middle East amid concerns about a wider conflict.
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Old July 20th, 2006, 06:42 AM   #730
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Cathay staff escalator fall pure accident, court rules
284 words
18 July 2006
Hong Kong Standard

A former Cathay Pacific Airways ground staff claiming damages against the company after two elderly passengers fell on top of her while traveling up an escalator has been told by the court it was a "pure accident."

Winky Chau Chui-ping had claimed the airline was negligent in failing to provide her with any suitable means of communication, such as a walkie-talkie, so that she could call for further assistance in escorting the elderly passengers, when the accident happened at the old Kai Tak airport in 1998.

She suffered ligament damage and cartilage degeneration as a result of the fall.

Deputy High Court Judge John Saunders dismissed her claim Monday, ruling: "Cathay have not been negligent, so as to cause either wholly or in part the injury suffered by Ms Chau." In this case, "it was pure accident when one of the elderly men fell against the other who in turn fell against Ms Chau," Saunders said.

The judge acknowledged a recent Court of Final Appeal ruling against the same airline which said "the standard of care required of an employer is a high standard since personal safety is at stake." However, "the duty of care arises not from mere proximity, but from the relationship of employer and employee," he said.

In January 2000 the Employees Compensation Unit at the Labour Department had already awarded Chau compensation of HK$170,396.31.

"The high duty of care does not require the employer to be a general insurer for the employee," Saunders said. He noted that there had been a wall-mounted phone and an intercom system "convenient to the escalator."
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Old July 21st, 2006, 03:51 PM   #731
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GE Unit In 20-Yr $1B Pact To Svc Cathay Pacific Engines
18 July 2006
Dow Jones Chinese Financial Wire

General Electric Co.'s (GE) aviation services unit signed a 20-year contract worth more than $1 billion with Hong Kong-based Cathay Pacific Airways Ltd. (0293.HK) to provide maintenance and repair for at least 40 General Electric GE90-115B engines installed in the airliner's fleet.

Cathay Pacific currently has 11 Boeing 777-300 model airplanes equipped with these engines in its fleet, and has ordered 18 more aircraft equipped with the GE90-115B.

General Electric said the deal covers service to installed and spare engines, as well as any acquired engines through 2017.

For fiscal 2005, General Electric's infrastructure division, which includes the aviation services unit, reported unaudited revenue of $41.8 billion.

Shares of General Electric recently traded at 32.32, down 4 cents or 0.1%.
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Old July 21st, 2006, 04:51 PM   #732
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Cathay chief questions 35% fee hike; Also warns against premature opening
21 July 2006
Bangkok Post

Cathay Pacific (CX) has blasted Airports of Thailand Plc (AoT) for a hefty rise in charges at Suvarnabhumi Airport and warned that opening the airport before it's ready would be a huge embarassment.

CX chief operating officer Antony Tyler was critical of a 35% jump in overall charges AoT intends to impose at the new airport, saying it was unreasonable, unaccountable and lacked transparency.

"It doesn't make sense to us and we don't like it at all. We need to see some numbers to justify an increase," he said in an interview after visiting the 125-billion-baht airport east of Bangkok.

Mr Tyler is the most senior executive of a foreign carrier to openly voice displeasure with AoT, which has been heavily criticised by the industry - through the International Air Transport Association (IATA) and Board of Airline Representatives in Thailand - over the fees.

He also echoed the view of the global airline bodies that Thai authorities should not try to rush the opening of the much-delayed airport for commercial operation, now set on Sept 28, if it is not truly ready.

Discussing the fee increases, he said: "What can we do? Because airports are monopoly, their operators tend to raise charges to carriers as they want in the knowledge that airlines have to use their facilities."

Some airports such as Singapore's Changi are more friendly to carriers by actually reducing charges, handing out discounts, Mr Tyler noted.

However, he acknowledged that the charges at Suvarnabhumi were still lower than at Chek Lap Kok in Hong Kong, because Hong Kong was generally an expensive place.

AoT has so far turned a deaf ear to the carriers' call for leniency on fees, saying its landing fees are relatively lower than those of Hong Kong, Changi and Kuala Lumpur international airports.

Mr Tyler said he did not know whether Suvarnabhumi would be ready by Sept 28 as authorities have promised.

"You need to make a brave decision to delay it (if the airport is not ready) ... Better to say so in advance than to cope with the consequences," he said.

"Often it is not what we see that matters. It's more about systems - the computers, IT and baggage systems - which you don't see when you walk around the terminal. What you see is always not the most important things."

Mr Tyler warned that Thailand should avoid the same mistakes as authorities had made at the Hong Kong and Kuala Lumpur airports, which encountered a lot of trouble initially following their premature openings.

"I'm sure AoT and the Thai government are aware of the importance of the opening going well. It will be extremely embarrassing and [could create] a very bad image for the country," he said.

Even if Suvarnabhumi could be opened as scheduled, Mr Tyler said Thai authorities should brace for some teething problems in the initial stage of operation, which is common for such projects.

CX will be ready to operate from the new airport as and when the airport is up and running, he asserted. "We have lots of experience with new airports going many years back - Singapore, Hong Kong, Japan, Kuala Lumpur, Frankfurt."

The airline will have a fallback plan to carry out operations manually in case Suvarnabhumi is not functioning.

Bangkok is Cathay Pacific's busiest hub in Southeast Asia. It operates 51 flights a week with 35,000 passenger seats in and out of Bangkok. It flies from Bangkok to Hong Kong, Singapore, Colombo, Mumbai and Karachi.
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Old July 22nd, 2006, 03:56 AM   #733
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Cathay Plans HK - Beijing Freighter Flights
By Vicki Kwong
22 July 2006
China Daily

Cathay Pacific Airways Ltd, the world's fourth-largest international cargo carrier, plans to start Hong Kong-Beijing freighter flights and increase its Shanghai service as rivals target the mainland for expansion.

Hong Kong's biggest airline may also add more cargo flights to southern Europe and India over the next few years to meet demand from customers, Ron Mathison, Cathay's general manager for cargo, said in a July 19 interview in the city.

Cathay earned 25 per cent of sales last year from cargo, as exports fuelled economic growth of 9.9 per cent on the Chinese mainland. Deutsche Lufthansa AG, Singapore Airlines Ltd and other carriers are forming joint ventures to challenge Cathay in the world's fastest-growing major economy.

"There's enormous growth potential, especially with the opening of the mainland to competition for cargo," said Peter Drolet, an analyst at UOB Kay Hian Ltd in Hong Kong. Cathay is "dedicated, for the most part, to the growing mainland market," said Drolet, who has a "buy" rating on the airline.

Cathay will add all-cargo flights to Stockholm and Toronto in September, raising its number of freighter destinations to 30, it said on June 19. The airline has applied for permission to fly its freighters to Beijing and to increase its daily Shanghai service, Mathison said.

Cathay may add flights after a new air services deal between Hong Kong and the mainland comes into effect in October. The carrier already has passenger services to Beijing and the city of Xiamen in East China's Fujian Province.

"Our network is a key asset and that's why we need to grow it," Mathison said. "It's not just the number of frequencies it's also the range of destinations."

The carrier's proposed HK$8.22 billion (US$1.1 billion) purchase of Hong Kong Dragon Airlines Ltd, which will give Cathay 21 more passenger routes on the mainland, will also expand its cargo network. Dragonair, as the airline is called, flies its six freighters to New York, Shanghai, Xiamen and other cities.

Airlines are investing in the mainland, as the mainland's air cargo market is set to grow 14 per cent each year until 2009, according to an International Air Transport Association forecast. Still, the increased capacity and largely one-way traffic flow is squeezing margins.
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Old July 23rd, 2006, 05:35 PM   #734
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Cathay Pacific hires local staff for Toronto – Hong Kong route
Corporate Press Release

TORONTO (April 24, 2006) – Cathay Pacific Airways has long been associated as one of the finest airlines flying between Canada and Hong Kong. This summer, the award-winning airline’s commitment to Canada deepens with the opening of a flight attendant base in Toronto.

“The Toronto flight attendant base is an obvious choice for us,” says Cathay Pacific’s Philippe Lacamp, Vice President Canada. “Our daily Toronto-Hong Kong service plays an important role in the success of Cathay Pacific’s worldwide operations and at a time when many airlines are looking to scale back, our commitment to service excellence is unwavering. Torontonians clearly wish to be part of it,” he adds.

The range of language capabilities offered in Canada is an obvious asset and brings added value to Cathay Pacific’s customers. The newly hired Toronto flight attendant crew is currently undergoing extensive hospitality and safety training in the airline’s Flight Operations Centre in Hong Kong and will be working onboard the flights starting this summer.

Cathay Pacific has been operating into Canada since 1983. Service between Toronto and Hong Kong launched in 1994. The Toronto flight attendant base will be Cathay Pacific’s third outside of Hong Kong and the second in Canada. In fact, the airline’s first crew base outside of Hong Kong was established in Vancouver in 1997.

In February, US-based Air Transport World magazine named Cathay Pacific ‘Airline of the Year 2006,’ for its unwavering commitment to safety, technical excellence and customer service. In 2005, Cathay Pacific was voted ‘Airline of the Year 2005,’ in the world’s largest passenger poll conducted by UK-based Skytrax Research.

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. Cathay Pacific offers two flights daily non-stop from Vancouver to Hong Kong, daily non-stop service from Vancouver to New York and daily direct service from Toronto to Hong Kong, plus a 3-time weekly freighter service between Vancouver and Hong Kong. Founded in 1946 and headquartered in Hong Kong, Cathay Pacific and its two major shareholders are listed on the Hong Kong Stock Exchange. Cathay Pacific is a member of the oneworld™ alliance, which includes Aer Lingus, American Airlines, British Airways, Finnair, Iberia, Lan Chile and Qantas.
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Old July 26th, 2006, 06:52 AM   #735
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Cathay Pacific
IT all began with the vision of two former World War II pilots, American Roy Farrell and Australian Sydney de Kantzow, who registered Cathay Pacific Airways in September 1946. Legend has it that the founders thought of its unique name in a bar at the Manila Hotel. After a majority shareholding was acquired by Hong Kong trading company Butterfield and Swire, Cathay Pacific Airways Limited began operations on July 1, 1948. Cathay Pacific has a special relationship with the Philippines, which is one of its earliest passenger flight destinations along with Shanghai, Bangkok, Singapore and Saigon.
24 July 2006
Manila Bulletin

For almost 60 years, Cathay Pacific has continued to grow, making substantial investments to develop its fleet, services, and its corporate headquarters at the Hong Kong International Airport.

The airline flies one of the youngest and most modern fleets in the skies. Beginning with a single plane, a Douglas DC3 affectionately known as "Betsy", it now flies about 90 all-wide-body aircraft, and within two years, it will already operate more than 100 aircraft throughout its international network. A Boeing 777300ER will be delivered in September, a further four will be added in 2007, three in 2008, four in 2009, and four in 2010.

Every week, the airline operates more than 1,300 flights throughout its network. And every month, it flies more than one million people to and through Hong Kong. Its network serves over 90 destinations in 33 countries and territories worldwide with unduplicated routes of 234,000 miles – a distance equal to nine trips around the world.

Cathay Pacific’s hub, the Hong Kong International Airport has been voted "The World’s Best Airport" from 2001 to 2005, which enhances Hong Kong’s position as a global aviation and logistics hub.

Cathay Pacific is also now one of the most admired airline in the world with a string of awards including the recent "Airline of the Year 2006" given by the London-based global travel and transport information company OAG. It topped more than 40 airlines in 16 regional and global categories to win the said accolade, capping an unprecedented run of coveted best airline awards for product and service excellence as it celebrates its 60th anniversary.

The award is the fourth consecutive "Airline of the Year" won by Cathay Pacific in the past two years. It was named "Airline of the Year 2005" in the world’s biggest passengers poll conducted by Skytrax; voted "Airline of the Year" by readers of trade magazine TTG Asia in October last year; and named "Airline of the Year 2006" by Air Transport World magazine in January.

"The excellence of all who work at Cathay Pacific and the support of our partners and customers made this award possible. To be awarded during our diamond anniversary is the jewel in the crown and highlights our commitment to make our service truly sparkle," said Vivian Lo, Country manager of Cathay Pacific-Philippines.

Likewise, Cathay Pacific currently ranks as the world’s third most profitable airline (based on 2004 net profit) after Singapore Airlines and Emirates, and sixth largest airline by stock market value. It is also the world’s sixth largest cargo carrier by volume, along with FedEx, UPS, Lufthansa, Korean Air and Singapore Airlines.

Good Food & Fine Travel

In celebration of its 60th anniversary, the airline offers a gastronomic treat to its passengers in partnership with Hong Kong’s top Chinese restaurants, adding a new dimension to a passenger’s journey by experiencing the "Best Chinese Food in the Air". About 100 special Chinese dishes will be served to passengers on all regional and long haul flights departing Hong Kong until Dec. 31.

With partner restaurants Celestial Court Chinese Restaurant, Sheraton Hong Kong Hotel and Towers, Jade Garden Chinese Restaurant, Lei Garden Restaurant, One Harbour Road, Grand Hyatt Hong Kong, Peking Garden Restaurant, T’ang Court, Langham Hotel Hong Kong and Yung Kee Restaurant, each will feature some of its signature dishes, including deluxe seafood dumpling, sautéed wild mushrooms and shrimps in XO sauce, pan-fried prawns with spring onion in carrot sauce, and braised seabass with preserved gooseberry.

Offering its flyers not just top-rate service but vibrant memories as well, Cathay Pacific releases a set of its retro travel bags and the latest collectible limited edition model aircrafts.

Cathay Pacific recreated three collectible classic travel bags from 1950s, ‘60s and ‘70s in exact details. "Our classic Cathay Pacific bags were once part of the whole travel experience and will recall good memories for many people of the first times they ever flew," said Cathay Pacific marketing services manager Daniel Heung. "The retro-style is also very much back in fashion again and will create a buzz among younger style-conscious people too," added Heung, who is also the bags’ creator.

Cathay Pacific also released detailed die-cast metal models of the Douglas DC6, the Lockheed L188 Electra, the General Dynamics Convair 880 (Cathay Pacific’s first jet), the Boeing 707, Lockheed TriStar and Boeing 747. Each model represents a crucial period in the airline’s development as it cemented its reputation as a leading regional carrier and finally entered the jet age. Production is limited to just 6,000 pieces and each will have a numbered certificate of authentication. The bags and the limited edition collectable models of the airline’s historic aircraft can be purchased inflight or online
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Old July 28th, 2006, 07:23 AM   #736
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Photo Link : http://www.pbase.com/hcl/

Many photos of CX planes taking off.
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Old August 6th, 2006, 05:21 AM   #737
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Cathay Pacific will hire 180 in Bay Area
5 August 2006
The San Francisco Chronicle

Hong Kong's Cathay Pacific Airways plans to hire 180 people in the Bay Area to staff San Francisco crews for use on its service between San Francisco International Airport and Hong Kong International Airport, the airline said.

A major player in the Asia Pacific aviation market, Cathay Pacific already has several dozen employees in its offices on Union Square.

The carrier moved its North America headquarters to San Francisco from Los Angeles in February 2005.

The new employees would be added to that workforce.

The move to add staff is a relative rarity in U.S. aviation, which has seen domestic carriers lay off tens of thousands of workers during the 2000-03 recession and after the Sept. 11, 2001, terrorist attacks reduced consumer demand for air travel.

Cathay Pacific is recruiting for, among others, "a base manager, base administrative staff, and flight attendants.

For the cabin crew positions, fluency in English and one Asian language is required, the airline said in a statement.

The new crew members will be sent to Cathay's headquarters in Hong Kong for six weeks' training before returning to work in the Bay Area, the airline said.
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Old August 7th, 2006, 03:45 PM   #738
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Cathay's H1 to level off, full-year seen choppy
By Sophie Taylor

HONG KONG, Aug 7 (Reuters) - Cathay Pacific Airways Ltd. , Asia's third-largest airline by market value, should keep first-half earnings level as robust passenger growth around its north Asian stronghold offsets high fuel prices.

In the year ahead, Cathay's bottom line may hinge on how well it softens the impact of lofty oil prices via hedging and fuel surcharges -- a familiar scenario that it has struggled with for years, analysts say.

Singapore-traded jet fuel <JET-SIN> has doubled since January last year, rising 23 percent in the first half alone, hitting Cathay, Singapore Airlines and Qantas Airways Ltd. alike.

Cathay is scheduled to report interim earnings on Wednesday.

Six-month net profit is forecast to edge up 1.8 percent to HK$1.7 billion (US$223 million) from HK$1.67 billion a year ago, according to a Reuters poll of four analysts' forecasts.

Next year, Cathay may start to benefit from a multi-way merger with several Chinese-focused carriers, including Dragonair, which would give the Hong Kong carrier long-coveted freer access to a booming mainland travel market.

"The deal gives Cathay much greater exposure to mainland China overnight -- one of the few high-growth aviation markets in the world," said Andes Cheng, associate director at South China Brokerage. "But, short term, we won't see a great effect.

"Administrative costs and an increase in fixed costs mean it could turn into a drag" at most, he added.

Cathay's main worry for now is the sky-high price of fuel, which comprises a third of its costs. Hong Kong's largest carrier posted a 10.7 percent rise in June passenger traffic.

"Cathay's June numbers confirm the revenue environment remains strong," JP Morgan analyst Peter Negline wrote. "Nevertheless, high oil prices continue to erode all these gains."

Cathay is expected to post a mild 6 percent rise in full-year net profit to HK$3.5 billion from HK$3.3 billion in 2005, according to the mean forecast of 16 analysts polled by Reuters Estimates.

The airline's shares rose 0.4 percent in January-June, lagging the Hang Seng Index's <.HSI> 9.4 percent gain. Singapore Airlines gained 2.4 percent and Qantas rose 27 percent. Cathay's shares are pricier at about 13.4 times forecast earnings, versus 11.6 times for Singapore Air and 10 times for Qantas.

Singapore's flag carrier doubled its quarterly profit after a one-off gain from property sales, but warned this month that rising costs would weigh and jet fuel prices could stay high.

Hong Kong has let Cathay Pacific -- which aims to hedge a third of its fuel this year -- to raise passenger surcharges.

"If Cathay's hedging worked in the first half, investors' focus can switch to passenger numbers and route expansion," said Stone Shi, analyst at Sun Hung Kai Financial Group.

Cathay, which faces rising competition from budget carriers such as Jetstar Asia and Malaysia's AirAsia , said in June it would pay HK$8.22 billion in cash and shares to take over rival Dragonair in a long-expected deal.

As part of the deal, Cathay and Air China Ltd. will step up cooperation, with Cathay paying HK$4.07 billion to double its stake in Beijing-run Air China to 20 percent. In return, Air China would pay HK$5.39 billion for 10 percent of Cathay. (US$1=HK$7.8)
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Old August 8th, 2006, 03:46 PM   #739
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Cathay Pacific boosts North America freighter services with additional flight to Dallas and Atlanta
3 August 2006
Corporate Press Release

Cathay Pacific Airways today announced an expansion of its freighter service to Dallas and Atlanta in the United States with an additional flight from Hong Kong every Monday. The extra flight commences 7 August 2006 and takes the number of flights each week to four. All flights operate first to Dallas, continuing on to Atlanta before returning to Hong Kong. A Boeing 747-400 Freighter is used on the route.

The additional flight will help meet rising demand from Hong Kong and the Chinese Mainland to growing markets in the south and south-eastern United States. The airline started flying to Dallas and Atlanta on 19 November last year, enabling it to reach any part of the continental US within a day’s trucking from its gateway cities. The airline’s other freighter destinations in the US are Los Angeles, San Francisco, Chicago and New York.

Cathay Pacific’s Director & General Manager Cargo Ron Mathison said: “Since the launch of the route last November, demand to Dallas and Fort Worth has been consistently strong, and we are pleased to be able to meet the needs of the market by adding another flight each week. Indeed, demand to all our North American destinations is consistently high and we look forward to the time when we can use Boeing 747-400 ERF ‘Extended Range Freighters’ to increase payload on these important routes.”

Six of the Extended Range Freighters have been ordered for delivery between May 2008 and April 2009. In the meantime the airline is expanding its freighter fleet through the addition of Boeing 747-400BCF “Boeing Converted Freighters, with the second out of six on firm order arriving beginning revenue service in mid-July. A third is scheduled to arrive from the TAECO facility in Xiamen, where the conversions are carried out, in September, with the remaining three joining the fleet next year.

Cathay Pacific currently operates a fleet of 16 freighters flying to 28 destinations around the world. Two more destinations - Stockholm and Toronto - will be added in September to further strengthen Hong Kong’s position as a global logistics hub. The airline also recently announced plans to build and operate a third air cargo terminal at Hong Kong International Airport, underlining its aggressive expansion of cargo services to and through Hong Kong.
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Old August 10th, 2006, 02:57 AM   #740
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Hong Kong's Cathay Pacific Airways says first-half net profit unchanged from year earlier
By WILLIAM FOREMAN
9 August 2006

HONG KONG (AP) - Cathay Pacific Airways Ltd., Hong Kong's biggest airline, said Wednesday its first-half net profit was unchanged from the same period last year as a big jump in fuel prices eroded gains in passenger and cargo revenue.

The airline warned that the second half of 2006 could be tough because of fuel. "Our biggest challenge will continue to be soaring fuel costs," said Cathay Chairman Christopher Pratt.

Net profit for the six months that ended in June totaled HK$1.67 billion (US$214.7 million; €167.2 million). Revenue rose to HK$27.09 billion (US$3.5 million; €2.7 million) from HK$23.88 billion, the airline said.

"This was a creditable performance given the high cost of fuel," Pratt said.

The carrier said fuel costs -- which amount to more than a third of operating costs -- hit HK$8.68 billion (US$1.1 billion; €871.2 million) in the first half -- up 30 percent from the same period last year.

Pratt cautioned that fuel prices might climb even higher if the political situation in the Middle East continued to be volatile.

Philip Chen, Cathay's chief executive, added, "Rising fuel prices aren't just a problem for the airline industry. They could cause a worldwide recession."

Cathay reported solid growth in other key areas.

Passenger revenue rose 8.7 percent to HK$15.94 billion (US$2.0 billion; €1.6 billion) in the first half, the airline said. The airline carried 8.1 million passengers, an 11.1 percent increase from the 7.3 million last year.

Cargo revenue rose 4.9 percent, with a 10.6 percent jump in the tons of cargo carried, the carrier said.

Two months ago, Cathay announced plans to take over its smaller rival, Hong Kong Dragon Airlines Ltd., which offers more flights in the booming mainland Chinese market. The deal would also give Cathay a 20 percent stake in Air China, China's biggest carrier.

Cathay said Dragonair reported a loss in the first half as high fuel prices continued to affect the regional airline's profitability. Cathay, which currently owns 17.8 percent of Dragonair, didn't issue figures for the affiliate's loss.

Dragonair will become a wholly owned unit of Cathay once shareholders approve the HK$8.22 billion (US$1.0 billion; €824.7 million) deal to acquire the remaining shares later this month.

Pratt dismissed claims that taking over Dragonair was a bad move amid rising fuel prices.

"We are very confident about our business model," he said. "There are tremendous growth opportunities, regionally and particularly in China."
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