The Cathay Group (Cathay) has committed more than HK$100 billion in investments over the next seven years as part of its bold strategy to further elevate its customer experience, and strengthen Hong Kong’s international aviation hub status riding on the Three-Runway System. This encompasses major investments in its fleet, cabin products, lounges, and digital and sustainability leadership as it sets its sights on growing for its customers, its people and its home, Hong Kong. Cathay Group Chair … [Read more...] about Cathay to invest over HK$100 billion to strengthen Hong Kong’s international aviation hub status
Cathay Group
Cathay to bolster its ASEAN network to seize growth opportunities with regional markets
Joining a high-level delegation led by Chief Executive of the Hong Kong SAR Government John Lee Ka-chiu, Cathay Group Chief Executive Officer Ronald Lam concluded a six-day visit to three ASEAN countries — Laos, Cambodia and Vietnam — underscoring the region’s significance to Cathay’s expanding network and future growth, as well as to Hong Kong’s economic development. Throughout the eye-opening visit, Lam toured a variety of local enterprises and major infrastructure projects in these … [Read more...] about Cathay to bolster its ASEAN network to seize growth opportunities with regional markets
Cathay fully repays the Hong Kong SAR Government’s HK$19.5 billion investment
The Cathay Group reached another major milestone on its rebuild journey as it fully repaid the Hong Kong SAR (HKSAR) Government’s HK$19.5 billion investment. The Cathay Group has now bought back the remaining 50% – HK$9.75 billion – of the preference shares that were issued to the HKSAR Government as part of the Cathay Group’s 2020 recapitalisation. The Cathay Group previously bought back the initial 50% of the preference shares in December 2023. In addition, the Cathay Group has paid the … [Read more...] about Cathay fully repays the Hong Kong SAR Government’s HK$19.5 billion investment
