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Old September 25th, 2007, 03:40 AM   #941
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With China Eastern in talks to join oneworld alliance (along with Cathay Pacific), and Air China in talks to join Star Alliance (where Singapore Airlines is), I wonder what these deals will bring. Especially with Air China and Cathay owning bits of each other...
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Old September 25th, 2007, 12:10 PM   #942
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Cathay, Air China scrap China Eastern bid

HONG KONG, Sept 25, 2007 (AFP) - Cathay Pacific and Air China's parent company abandoned an attempt to block Singapore Airlines from buying a stake in China Eastern, as the battle for the lucrative Chinese market heats up.

They announced they had given up their own bid for a piece of China's number three carrier, whose Shanghai gateway could now give the Singapore airline a valuable entry into what has become one of the world's top aviation markets.

A spokeswoman for Air China said she did not know why the bid was called off, but a source familiar with the negotiations told AFP that political pressure in China had helped thwart the bid.

Singapore Airlines (SIA) had already received government approval from Chinese authorities for its bid, and is now awaiting the green light from shareholders at an extraordinary general meeting later this year.

Cathay and Air China's parent China National Aviation Holding Company Limited (CNAHC) said they would not go ahead with an offer aimed at trumping the bid by SIA and the city-state's Temasek Holdings.

SIA and Temasek are planning to buy a combined 24 percent stake in China Eastern for 923 million US dollars, giving them a foothold in the fast-growing Chinese aviation market.

Shares in both Air China and Cathay Pacific had both been suspended ahead of any announcement. Their share prices tumbled in Hong Kong on Tuesday following news that the deal was off.

A source familiar with the deal, who did not want to be named, said Chinese authorities had played a crucial role in scuppering the bid, which was being driven by CNAHC.

Joyce Zhang, a staff member at the board secretary's office at Air China, had no comment, and a Cathay spokeswoman also refused to give any reasons for the bid's withdrawl.

But analysts were convinced mainland authorities played a role.

"We believe top regulators in China could have played an active role in persuading Cathay management to abandon the China Eastern deal," said Chin Lim of Morgan Stanley.

The attraction for both airlines was China Eastern's Shanghai service. Sixteen of the 32 daily flights between Hong Kong and Shanghai are operated by Cathay and Dragonair.

With China Eastern operating 13 and Shanghai Airlines three, a deal could have given Cathay a virtual monopoly on the lucrative route.

"Many foreign carriers want to enter China but the market is still sealed off, so they turn to buying stakes in domestic airliners," said Jack Xu, a Shanghai-based analyst with SinoPac Securities.

"Clearly, the authorities want to create competitive airline companies, and they have two options: restructuring the companies with capital injections from government or bringing in advanced foreign players to improve the efficiency."

China Eastern has a 35.4 percent share of total weekly airline seats at Shanghai's Pudong and Hongqiao airports, while Air China has 9.1 percent and Cathay Pacific-controlled Dragonair just 3.5 percent.

The Centre for Asia Pacific Aviation, an industry consultancy, said the bid was just the opening salvo in stepped-up competition to win a piece of China's aviation market.

"Asia-Pacific aviation has come within a whisker of a massive power struggle between two of its most influential airlines," CAPA said.

"Even with Cathay's backdown, that new competitive era has now dawned, spurred by China's massive growth and even bigger potential. Control of the key mainland hubs is a prize that will overshadow all else."

Cathay Pacific and Air China already own 17.5 percent stakes in each other, as part of a 2006 move that also saw Cathay take over smaller rival Dragonair.
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Old September 26th, 2007, 07:14 AM   #943
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China Eastern Bid Not Part Of Cathay Pacific's Strategy-Source
25 September 2007

HONG KONG (Dow Jones)-- Cathay Pacific Airways Ltd.'s (0293.HK) move to partner state-owned China National Aviation Holding Co. in the aborted bid for a stake in China Eastern Airlines Corp. (CEA) was opportunistic and not part of its long-term strategy, a person familiar with the situation said Tuesday.

Over the weekend, it emerged that Cathay Pacific was planning to make a joint offer for China Eastern shares with CNAHC, the parent of Air China Ltd. (0753.HK). But it said late Monday the proposed bid wouldn't proceed, without elaborating.

'Cathay was only very recently informed of CNAHC's plans for China Eastern...and the airline was then invited to take part in the deal,' the person said.

The deal could have blocked Singapore Airlines Ltd.'s (C6L.SG) own agreement with China Eastern. Singapore Airlines and its parent, Temasek Holdings Pte. Ltd., earlier this month agreed to buy a combined 24% stake in China Eastern for HK$7.2 billion.

A stake in Shanghai-based China Eastern could have given Cathay Pacific increased access to China's major financial center, and reduced the impact of stronger competition between the Shanghai and Hong Kong airports as Shanghai develops as a major hub.

But given Cathay's existing partnership with flag carrier Air China, analysts said it is unlikely the Hong Kong airline would have planned on its own to buy a stake in China Eastern.

'This was opportunistic for Cathay,' said Martin Craigs, president of Aerospace Forum Asia, a business group of suppliers to the airline industry in Asia.

'Of course Cathay would have been happy if the deal had gone through, but it was very much an Air China play.'

He said the aborted bid won't be a setback for Cathay, given the strength of the airline's existing China strategy, which is to partner Air China in further developing the Hong Kong and Beijing hubs.

Cathay's China-focused unit, Hong Kong Dragon Airlines Ltd., also continues to expand its mainland reach.

The abandonment of the China Eastern bid may even be positive for Cathay, other analysts said.

'We view Cathay's decision positively as it would have risked overpaying for its stake in China Eastern,' Citigroup analyst Corrine Png said in a report. Citigroup has a buy rating on the airline.

She said any weakness in Cathay Pacific's share price, as a result of investor disappointment over the aborted bid would be a good opportunity to buy the stock.

Png said Cathay Pacific 'provides cheaper China exposure given its 50%-60% valuation discount to China peers despite its stronger management and financial position.'
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Old September 27th, 2007, 12:45 PM   #944
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Gov't Press Release:
Cathay Pacific Chief Executive speaks in San Francisco (English only) (with photos)
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Old September 29th, 2007, 03:21 AM   #945
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CX received their first B773ER today.
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Old October 2nd, 2007, 01:43 AM   #946
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Cathay Pacific begins big fleet expansion with arrival of first Boeing 777-300ER aircraft
1 October 2007


Cathay Pacific Airways has taken delivery of the first of 23 new Boeing 777-300ER "Extended Range" aircraft that will help to redefine the long-haul travel experience for its passengers. At the same time, the airline's ongoing fleet expansion will continue to further strengthen Hong Kong's role as a leading international aviation hub. .

The aircraft, registration B-KPA, goes into service as CX418 to Seoul on Wednesday and will fly regionally for a month or so before being put to work key long-haul routes, including an additional daily non-stop flight to New York starting 15 November. .

Boeing handed the aircraft over to Cathay Pacific at a ceremony at the manufacturer's plant in Seattle in the United States. The delivery flight departed for Hong Kong with a number of VIPs and media representatives on board and arrived at Hong Kong International Airport late Friday night. .

The fuel-efficient 777-300ER will enable Cathay Pacific to fly more passengers non-stop to major destinations in cabins that feature the airline's acclaimed new long-haul product. The three-class configuration features luxurious suites in First Class, full-flat Business Class beds with total privacy, and revolutionary Economy Class seats that recline within a fixed shell to improve passenger space and comfort. .

The new product also features a brand-new state-of-the-art inflight entertainment system that offers audio and video on demand in all three classes featuring 50 movies, more than 100 TV shows, 160-plus CDs, 22 radio channels, and up to 96 games. .

Cathay Pacific Chief Executive Tony Tyler said: "We are delighted to receive our first Boeing 777-300ER, which marks the beginning of a new phase of expansion for Cathay Pacific and a further boost for the continued development of the Hong Kong hub. These are superb aircraft that will form the backbone of our long-haul fleet in the coming years and enable us to strengthen our non-stop ultra-long-haul services, particularly to North America. They are very efficient aircraft, too, and we will see a big reduction in fuel burn, which is very important in these environmentally conscious times." .

The 777-300ER employs advanced technology that offers a number of environmental improvements including considerably reduced fuel burn (22-24% lower per seat compared to the Boeing 747-400), engine efficiency improvements, and design changes that reduce drag and aircraft weight. The aircraft also uses a new type of paint to provide a smoother finish, reducing aerodynamic drag and resulting in lower fuel burn. .

A total of five 777-300ERs will be delivered to the airline this year and will be used to help the airline expand its North American services. The early deliveries will be used to turn New York into a thrice-daily service from 15 November, with a second daily non-stop flight added. Cathay Pacific will take delivery of five more 777-300ERs in 2008, another five in 2009, three in 2010 and five in 2011. .

The airline's first 777-300ER is the fourth aircraft fitted with all three classes of Cathay Pacific's revolutionary new long-haul product. Two other aircraft, both Airbus A330-300s, feature the product in Business and Economy Class. Fourteen aircraft will be fitted with the new product by the end of 2007. The whole Cathay Pacific long-haul fleet - a total of 67 aircraft including the existing fleet and new additions – will feature the new cabins. All new arrivals will come with the product fitted while the last retrofit will be completed in 2009.

Almost 1,000 Cathay Pacific staff will have a sneak preview of the aircraft and its long-haul product at a special open day being held on Tuesday, 2 October. The airline will also introduce the aircraft to the local community, with a unique flight being held for families from Tung Chung on Sunday, 14 October that will target those who have previously never had the opportunity to fly. .

With the latest arrival Cathay Pacific now operates a fleet of 108 aircraft – 89 passenger aircraft and 19 freighters. The passenger fleet comprises 24 Boeing 747-400s, five Boeing 777-200s, 12 Boeing 777-300s, one Boeing 777-300ER, 29 A330-300s, 15 A340-300s and three A340-600s. The airline currently has a total of 32 aircraft on firm order.

More photos here:
http://downloads.cathaypacific.com/c...1102007_01.jpg
http://downloads.cathaypacific.com/c...1102007_02.jpg
http://downloads.cathaypacific.com/c...1102007_03.jpg
http://downloads.cathaypacific.com/c...1102007_04.jpg
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Old October 15th, 2007, 05:01 PM   #947
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Cathay Pacific set to launch second daily San Francisco flight
12 October 2007
Corporate Press Release

Cathay Pacific Airways last night celebrated the imminent launch of its second daily non-stop service between Hong Kong and San Francisco at a VIP reception in the Californian city. The airline’s Chief Operating Officer John Slosar flew to San Francisco to host the event.

Starting October 18, Cathay Pacific will add a second daily non-stop service between Hong Kong and San Francisco. The new CX870 flight will depart Hong Kong at 14.10, supplementing the existing CX872 late-afternoon departure, while the new CX879 service from San Francisco will provide travellers with more options when connecting through the Hong Kong hub.

Speaking at the launch event, John Slosar said this is a very exciting time for the airline, with the addition of new services, the rollout of a new long-haul product in three classes, and the arrival of a new fleet of Boeing 777-300ER long-haul aircraft.

“We have been providing services to and from San Francisco for more than 20 years and continue to grow in the right direction with the addition of the second daily service. We will continue to demonstrate our commitment by investing in new products, adding more aircraft, growing our network and providing more services that offer people greater travel options and benefits,” Mr Slosar said.

To tie in with the launch of the additional San Francisco flight, Cathay Pacific has organised a roadshow that is offering the public in eight cities across the United States and Canada a first glimpse of the new seats and cabin features now being rolled out on the airline’s long-haul aircraft. The “Cathay Pacific’s New Product Roadshow” runs until 1 November and includes stops in Los Angeles, San Jose, San Francisco, Vancouver, Calgary, Toronto and New York.

The airline is continuing to strengthen its services as new aircraft join the fleet, with a second daily non-stop flight to New York being added from 15 November. A number of other services are being bolstered, with additional flights to Vancouver, Melbourne, Adelaide, Perth and Tokyo providing passengers with more choice and further cementing Hong Kong’s position as a leading international aviation hub.
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Old October 16th, 2007, 07:37 PM   #948
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Cathay Pacific releases combined traffic figures for August 2007
15 October 2007
Press Release

Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for September 2007 that show a respectable rise in passenger numbers over the same month last year, while cargo tonnage growth for the month lagged behind the increase in capacity.

In September the two airlines carried a total of 1,891,732 passengers, up 7.2% on the same month in 2006. The passenger load factor was 79.0%, a rise of 3.4 percentage points on last year, while capacity, measured in available seat kilometres (ASKs), was up just 0.6%. For the year so far, the 2.6% rise in passenger numbers is ahead of a capacity increase of 1.6%

Cathay Pacific and Dragonair together carried 150,375 tonnes of freight in September, a rise of 5.1% year on year, though lagging behind a capacity increase of 8.8% for the month. The cargo and mail load factor fell by 2.9 percentage points to 69.1%. For the year to date, the tonnage rise of 2.5% lags behind a capacity rise of 6.8%.

Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said: “We were pleased to see another solid passenger performance in September. Demand continued to be strong for front-end travel, particularly on long-haul routes, and should pick up further as we move into the busiest period for corporate travel. Capacity growth has been modest for the first nine months of the year, though it will start climb from October with the arrival of our new Boeing 777-300ER aircraft and the addition of extra flights.”

Cathay Pacific Director & General Manager Cargo Ron Mathison said: “We were pleased to see a healthy tonnage growth in September, largely driven by continued strong demand out of Mainland China. Northeast Asia remained a problem area with yields still under considerable pressure. We expect to see a pick up in overall demand as the cargo market enters its traditional peak period in October.”
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Old October 17th, 2007, 07:00 PM   #949
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By AirCanon from HKADB :

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Old October 18th, 2007, 06:11 AM   #950
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Hospital teams up with Cathay Pacific to launch medical tourism
18 October 2007
China Daily

Hong Kong's efficient and quality medical services and cultural proximity to the mainland would give it an edge over neighbouring areas in developing the SAR into a regional medical service hub, but this would be only short-term unless promotional and infrastructure improvement measures were stepped up, medical and tourism experts said.

Catching up with the increasing trend of medical tourism in Asia, Union Hospital has teamed up with Cathay Pacific/Dragonair Holidays to launch medical care tour packages costing between HK$6,760 and HK$12,670 for mainland travelers from 10 cities, including Beijing, Nanjing, Shanghai, and Hangzhou.

Travelers can also join the less expensive four-day package that includes basic medical checks, such as chest X-Ray, electrocardiogram and kidney function tests, and a half-day sight seeing tour.

However, the more expensive five-day package will include tests like upper abdomen ultrasound for men and mammography for women, and sight seeing.

The package includes air fares, accommodation, transportation, and two consultations by the hospital doctors.

Travelers can stay in the hospital for further treatment, but such additional services will be separately charged.

The hospital medical director, Anthony Lee said it was too early to predict how many travelers would be attracted

Currently, mainland clients, excluding pregnant women, occupied 1.5 percent of the city hospital's total patients, he said.

Lee said the hospital might give 15 percent discount to the medical service charges if the travelers found the packages expensive.

The medical services occupied between 30 and 40 percent of the total package costs, said Cathay Holidays Limited manager of international sales Ophelia Ng.

Thailand's Bumrungrad International, in which Asia Financial Group chaired by Executive Councilor Bernard Chan had invested, also launched packages for foreigners.

Medical groups from Taiwan were planning to cooperate with Hong Kong insurance and travel companies to lure tourists for medical check-ups.

Lee said Thailand and Singapore would charge 30 percent less than Hong Kong respectively for similar service.

However, Ng still believed their package would be attractive.

"The number of middle-class people on the mainland is on the rise with the improving economy. They look for quality and reliable medical service," she said.

Hong Kong Polytechnic University school of hotel and tourism management assistant professor Thomas Bauer said Hong Kong could not compete with other cities on price, but could provide service quality and other tourist infrastructure, such as hotels.

He also said the use of Chinese as the mother tongue in Hong Kong could be an advantage.

"Medical treatment is a matter of trust. If you cannot communicate with the doctors, it is difficult to start the treatment," he said.
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Old October 23rd, 2007, 07:16 AM   #951
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War of the dozes; Airlines race to get fully flat beds for long flights
20 October 2007
Ottawa Citizen

OVER THE NORTH PACIFIC

Cathay Pacific Airways CEO Tony Tyler grins like a kid handed a new and glittering toy.

Tyler, who's flying to Hong Kong on Cathay's first Boeing 777-300ER aircraft, loves the jetliner. He loves its range, its two huge General Electric engines and its fuel efficiency.

"This is a fantastic airplane," he declares over a glass of red wine at 35,000 feet. "It's going to drive a major expansion of our transpacific network."

The delivery of Cathay's first 777-300ER last month also marked the airline's expansion into its passengers' subconscious. For Cathay is betting its future as a long-haul carrier on an ability to deliver a good night's sleep.

Like its airline-sector rivals, Cathay has become convinced that passengers' ability to get some serious shut-eye will determine success in the long-haul market as much as price.

Welcome to the war of the dozes.

Cathay's first 777-300ER features first- and business-class seats that electronically recline into fully flat beds. Tyler, who sprawls six feet 31/2 inches, says he got a good night's rest when he sleep-tested a business-class bed in Hong Kong as it was being developed.

Economy class provides seats that recline within a fixed shell. In other words, when the guy ahead of you tilts his seat back, it won't make a landing on your collarbone.

Cathay is by no means the first airline to embrace fully flat beds. But the carrier has jumped in with both feet after research showed passengers want more comfort, privacy and control over their immediate living area.

"The market has moved, and it has moved quickly," says Philippe Lacamp, Vancouver-based vice-president of Cathay's operations in Canada.

"People are trying to find out how to fit in enough seats to make money but also provide the flat-bed experience that people now are demanding."

Cathay's first 777-300ER is its fourth aircraft fitted with all three classes of redesigned seating. All of the airline's current fleet of 67 long-haul aircraft will feature the new cabins by 2009.

Cathay's investment in fleet sleep power comes at a time pent-up demand in China is about to drive growth skyward. Eleven airlines, including Cathay, now serve the Vancouver-to-Asia market. Others said to be mulling transpacific routes include China Southern Airlines, Vietnam Airlines and Jet Airways.

ASIA TAKES OFF

- Canadians' visits to China surged 56 per cent in 2006 -- the largest jump among the Top 10 overseas nations Canadians visited, Statistics Canada says.

- Cathay Pacific Airways predicts that by 2020, China will have 12 million flights a year -- up 400 per cent from today.

- Aircraft maker Boeing forecasts that Asia-Pacific air traffic will expand at 6.3 per cent a year for the next 20 years.

- The Boeing 777-300 ER is a twin-engine aircraft powered by the GE 90-115BL engine, the world's largest and most powerful commercial jet engine.
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Old October 23rd, 2007, 07:25 AM   #952
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Any plans for Cathay Pacific getting an A-380?
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Old October 23rd, 2007, 08:23 AM   #953
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Not sure, but sure hope not. The A380 is such an ugly aircraft.

CX has 20+ 777-300ERs on order right now to replace the old A340-300s. British Airways opted to go A380 instead of the traditional 747s it orders. CX already has a combined fleet, so it might opt for either options... (747-8 or A380)
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Old October 23rd, 2007, 08:28 AM   #954
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No plans for Cathay to get the A380.
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Old October 23rd, 2007, 08:37 AM   #955
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Old October 23rd, 2007, 09:48 AM   #956
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Now there's room with that view
Cathay Pacific upgrades to provide more space in all three flying classes

17 October 2007
Vancouver Sun

Ever fly economy class on a long flight and lost what little leg room you had to some jerk in front of you who insisted on reclining his seat all the way back?

That won't happen after Cathay Pacific Airways completes a $100-million upgrade of its economy-, business- and first-class cabins for its entire fleet.

The new economy-class section features "fixed-back" seats, which allow passengers to recline without intruding on those behind them. Your body reclines within the seat, rather than the seat itself going backwards.

The Hong Kong-based airline says it's the first economy-class seat in the airline industry to provide a fixed living space and passenger recline in that manner.

"We really like what they've done with that design," said Cathay Pacific Canadian vice-president Philippe Lacamp. "It's going to make a huge difference for passengers."

The cabin upgrade project should be completed on all airline planes by mid-2009. Just three or four aircraft have been upgraded to date, and Lacamp said the new interiors will be featured in airline advertising after a "critical mass" of planes have gone through the retrofit.

A mobile Cathay Pacific roadshow rolled into Vancouver Tuesday to showcase the new interior before heading to Calgary, Toronto and New York.

Business-class upgrades include seats that become full lie-flat beds, replacing existing angled lie-flat seating. The seats also feature a massage function, and the section design allows for unrestricted aisle access from each seat.

First-class provides a seat that can be used as an armchair, a chaise lounge, or a two-metre-long bed. The bed is believed to be the longest provided on any commercial airline, and an ottoman and extendable table in the first-class suite means passengers can invite friends or colleagues to join them.

In-flight entertainment options include personal flat-screen TVs with 26 video channels, 50 movies, and more than 100 hours of TV programming.

Lacamp said the airline has never upgraded all three seating classes at the same time before.

"The benchmark has moved and we want to stay at the very top of the competitive chain," he said. "So the decision was rightly taken to do all three."

Lacamp said Cathay Pacific is clearly not a discount airline so it has to ensure it always provides the best product and best service possible.

(It's currently the off-peak season and, excluding taxes and other fees, a round-trip Vancouver-to-Hong Kong ticket can be purchased for about $700 in economy class, $4,800 in business class and $9,600 in first class.)

The number of first-class seats has been reduced from 12 to nine, to allow for more space, but Lacamp said Vancouver customers are not huge buyers of first-class tickets.

"There are certainly individuals in Vancouver who choose to travel first class but the takeup is small," he said. "It will be interesting to see what the demand will be with the new product, with the Olympics coming and more corporate travel taking place."

Cathay Pacific currently operates a fleet of 106 aircraft, with 35 new planes to be delivered by 2009 -- including 23 wide-body Boeing 777-300ER planes. It offers 17 non-stop flights a week from Vancouver to Hong Kong and a daily non-stop service from Vancouver to New York.

Lacamp said the airline hopes to offer 21 flights a week from Vancouver to Hong Kong by the middle of next year.
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Old October 23rd, 2007, 11:48 AM   #957
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Any plans for Cathay to acquire ANY new planes (besides the 777s already mentioned)?

Any pictures, I saw on their website the scheme is an ugly blue, are they going to change it to green? (or deeper blue)
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Old October 24th, 2007, 07:54 AM   #958
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Oh my god!!!

I love this airline!

And I don't know, why...

Since I've watched a Discovery Channel's program about the construction of the new Hong Kong Airport including a wonderful bridge, when I saw Cathay Pacific I said:

Nice name to a nice city!

I like Cathay Pacific, i like its logo...

Greetings from Mexico..
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Old October 24th, 2007, 07:57 AM   #959
Nikkodemo
¡¡Pueblaball!!
 
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Cathay Pacific Airways


And Cathay Pacific Cargo...
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Old October 25th, 2007, 11:10 AM   #960
hkskyline
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Quote:
Originally Posted by gladisimo View Post
Any plans for Cathay to acquire ANY new planes (besides the 777s already mentioned)?

Any pictures, I saw on their website the scheme is an ugly blue, are they going to change it to green? (or deeper blue)
Fleet Profile & firm orders
http://downloads.cathaypacific.com/c...mReport_en.pdf

Firm orders include :
A330-300
747-400ERF
777-300ER
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cathay pacific, east asian airlines, hong kong, oneworld

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