Cathay Pacific is staying committed to rebuilding connectivity at the Hong Kong air hub as the flagship airline welcomed the government's agreement to extend the drawdown period of the HK$7.8 billion loan facility until 8 June 2023. Airline chief Augustus Tang said the impact of the pandemic necessitated some very difficult decisions, including the restructuring in 2020 which included staff furloughs. He added that through this loan facility and recapitalisation, Cathay Pacific is coming … [Read more...] about Hong Kong extends HK$7.8b bridge loan to Cathay
Cathay Pacific
Cathay and Lufthansa adds Swiss to joint cargo deal
Cathay Pacific and Lufthansa Cargo are looking to offer more flexibility and savings for shipments between Hong Kong and Europe as they welcomed Swiss WorldCargo into the airlines’ joint business agreement. The entry of Swiss WorldCargo builds on a deal signed in 2016 between the two airlines on sales, pricing, contracts, and the handling of shipments between Hong Kong and Europe. Under the new agreement, Cathay Pacific, Lufthansa Cargo, and Swiss WorldCargo will work closely together on … [Read more...] about Cathay and Lufthansa adds Swiss to joint cargo deal
Cathay to resume long-haul cargo routes next month
Cathay Pacific is looking to resume long-haul freighter destinations in Europe and the Americas starting June as Hong Kong’s travel restrictions and quarantine requirements continue to affect its business. In April, the airline carried 92,361 tonnes of cargo last month, up 26.3 percent compared to April 2021, but down 43.6 percent decrease compared with the same period in 2019. On the passenger side, Cathay Pacific carried a total of 40,823 passengers for the month, or around 1.3 percent of … [Read more...] about Cathay to resume long-haul cargo routes next month
Cathay Pacific kickstarts major SAF pilot in Hong Kong
Cathay Pacific will pilot the first sustainable aviation fuel (SAF) programme at Hong Kong International Airport, allowing air freight customers to reduce their carbon footprint. The Hong Kong-based carrier will kickstart the programme with corporate launch customers, which include Aerospace Industries Association, DHL Global Forwarding and Kintetsu World Express (KWE). Cathay chief Augustus Tang said the SAF pilot sends an important demand signal to the SAF supply chain. “There is firm … [Read more...] about Cathay Pacific kickstarts major SAF pilot in Hong Kong
Cathay Pacific shares latest moves to digitalise cargo
Cathay Pacific is taking a giant leap forward in its efforts to digitalise cargo processes and services with a new freight booking platform and the successful trial of the track and trace technology with the use of API. Last week the Hong Kong flag carrier rolled out its latest digital innovation, called Click & Ship, on its South West Pacific network. The booking platform offers a fast, intuitive interface that mimics the passenger ticket-booking experience. Looking to remove paper … [Read more...] about Cathay Pacific shares latest moves to digitalise cargo
Cathay Pacific partners with BCG to tackle decarbonisation
Cathay Pacific together with Boston Consulting Group (BCG) and other airline leaders announced on 28 October the formation of the Aviation Climate Taskforce (ACT), a new nonprofit organisation founded to tackle the challenge of eliminating carbon emissions in aviation through innovation and collaboration. “Dramatically reducing emissions is a critically important but also highly challenging task facing the aviation sector," said Cathay's chief Augustus Tang. "We recognise the importance of … [Read more...] about Cathay Pacific partners with BCG to tackle decarbonisation
