Cathay Pacific today announced a recapitalisation plan that will help it maintain its competitiveness and operations while continuing its commitments to Hong Kong as an international aviation, financial and commercial hub. This three-part plan is designed to provide Cathay Pacific with sufficient funds to withstand the industry-wide downturn and a stable financial platform from which it will be able to conduct the wholesale review of operations required to transform its business to reflect … [Read more...] about Cathay Pacific announces HK$39 billion in recapitalisation financing
Cathay Pacific
SITA and key industry partners launch MRO Blockchain Alliance
Key industry partners announced the launch of the MRO Blockchain Alliance, the air transport’s first industry-wide investigation into the use of blockchain to track, trace and record aircraft parts. The new alliance comprises leading organizations covering every aspect of the Maintenance, Repair and Overhaul (MRO) chain, from part manufacture and repairs to logistics and smart contracts. Members currently include Bolloré Logistics, Cathay Pacific, FLYdocs, HAECO Group, Ramco … [Read more...] about SITA and key industry partners launch MRO Blockchain Alliance
Cathay Pacific and Air Astana bring Hong Kong, Kazakhstan and the world closer
Cathay Pacific and Air Astana announced an agreement that will enhance travel options for Cathay Pacific customers travelling to and from Kazakhstan and for Air Astana customers travelling to and from destinations in Asia and Australia via the airlines’ hubs in Hong Kong and Almaty respectively. Commencing 15 March 2018, Cathay Pacific will place its “CX” code on Air Astana’s non-stop flights between Hong Kong and Almaty, the financial and cultural heart of Central Asia, as well as … [Read more...] about Cathay Pacific and Air Astana bring Hong Kong, Kazakhstan and the world closer
Qatar Airways acquires 9.61 % of Cathay Pacific
Qatar Airways has announced that it has entered into an agreement to purchase 378,188,000 shares of oneworld member Cathay Pacific Airways Limited, being approximately 9.61 per cent of the total issued share capital. Qatar Airways group chief executive, His Excellency Akbar Al Baker said, “Qatar Airways is very pleased to complete its financial investment in Cathay Pacific. Cathay Pacific is a fellow oneworld member and is one of the strongest airlines in the world, respected … [Read more...] about Qatar Airways acquires 9.61 % of Cathay Pacific
Cathay Pacific combined traffic figures for June 2017
The two airline s carried 170,476 tonnes of cargo and mail last month, an increase of 12.8% compared to the same month last year. The cargo and mail load factor rose by 4.0 percentage points to 68.3%. Capacity, measured in available cargo/mail tonne kilometres, was up by 4.8% while cargo and mail revenue tonne kilometres (RTKs) increased by 11.3%. In the first six months of 2017, the tonnage rose by 11.5% against a 2.3% increase in capacity and an 8.9% increase in … [Read more...] about Cathay Pacific combined traffic figures for June 2017
Cathay Pacific selects DHL Supply Chain for10-year contract
DHL Supply Chain has commenced management of all aircraft maintenance, repair and overhaul logistics activities for Cathay Pacific and Cathay Dragon in the airlines’ home base at Hong Kong International Airport (HKIA), part of a 10-year contract signed earlier this year. The contract will see DHL Supply Chain take overall responsibility for the storage, warehousing and domestic transportation of 80,000 specific aviation part types, components and equipment used to maintain Cathay … [Read more...] about Cathay Pacific selects DHL Supply Chain for10-year contract
