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  1. Cathay says merger may not create stronger carrier

    Posted Jun 11th 2009, 12:00am by Charlotte So

    ... The consolidation of China Eastern Airlines Corp and Shanghai Airlines might not create a stronger carrier, said a top executive from Cathay Pacific Airways yesterday, commenting on a merger that could dominate the lucrative Shanghai hub. 'I don't think putting two weak carriers together would necessarily make a stronger one,' Cathay chairman Christopher Pratt ...

  2. Cathay extends DHL cargo deal as it expands network

    Posted Apr 21st 2005, 12:00am by Russell Barling

    ... Lucrative overnight service to continue three more years, cover Tokyo and Beijing Cathay Pacific Airways has extended its overnight-services contract with DHL Express for another three years and added Tokyo and Beijing to their growing Asian network. The deal brings to six the number of destinations DHL Express serves overnight using idle Cathay passenger aircraft. As per ...

  3. Cathay pilots narrowly reject deal to cut housing allowances

    Posted Feb 29th 2004, 12:00am by Simon Parry

    ... Cathay Pacific pilots have thrown out a deal that would have seen housing allowances of up to $58,000 a month, given to expatriate staff, slashed by nearly 15 per cent. They voted narrowly against a new formula that had been agreed by Cathay and the Aircrew Officers Association but which needed the approval of two-thirds of union members. At an extraordinary general meeting, 61 per ...

  4. Air China moves closer to control over Cathay

    Posted Aug 18th 2009, 12:00am by Carol Chan, Charlotte So

    ... Charlotte So and Carol Chan Air China yesterday raised its stake in Cathay Pacific Airways to almost 30 per cent, moving closer to the ultimate goal of taking control of Hong Kong's ... and cultures. Cathay Pacific has been controlled by Swire Pacific, a subsidiary of the British family-run John Swire & Sons, for over 60 years, while Air China is a state-controlled company. ...

  5. Chen quits as deputy chairman of Cathay

    Posted Apr 20th 2010, 12:00am by Sandy Li

    ... Sandy Li Veteran Cathay Pacific Airways director Philip Chen Nan-lok has resigned as deputy chairman and non-executive director of the carrier to pursue personal interests. Chen was appointed a director in 1997 and his resignation is effective from July 1. The carrier did not announce his replacement. In March, Cathay Pacific bounced back from the worst loss in its history, ...

  6. Swire confirms talks with Air China

    Posted Mar 17th 2005, 12:00am by Joseph Lo

    ... Conglomerate is continuing co-operative discussions which may lead to cross-shareholding deal and sale of Dragonair Cathay Pacific Airways and parent Swire Pacific confirmed progress ... and Cathay jointly control 25.5 per cent. 'Cathay Pacific and Air China have made progress in exploring opportunities for further co-operation, including in relation to the Hong Kong-China ...

  7. Cathay, Swire sell off Hactl stakes to release cash for terminal

    Posted May 26th 2010, 12:00am by Charlotte So

    ... Charlotte So Cathay Pacific Airways and its parent Swire Pacific said yesterday they would sell their stakes in Hong Kong Air Cargo Terminals Ltd (Hactl) for HK$1.92 billion to free up cash for the building of a HK$5.5 billion cargo terminal at Chek Lap Kok. Cathay Pacific, which holds a 10 per cent stake in the cargo terminal- which is scheduled to open in 2013- will gain ...

  8. Swire Pacific likely to boost earnings 22.3pc

    Posted Aug 03rd 2009, 12:00am by Sandy Li

    ... earlier. 'The first-half earnings will be boosted by the turnaround of Cathay Pacific Airways and its retail project in Beijing has started to contribute rental this year,' said an analyst who declined to be quoted. Swire Pacific will announce first-half earnings on Thursday. Market observers expect its 40 per cent-owned Cathay Pacific to contribute HK$1 billion. Its Beijing ...

  9. Cathay appoints first Chinese chief

    Posted May 06th 2004, 12:00am by Annette Chiu

    ... Annette Chiu Philip Chen Nan-lok will become the first Chinese chief executive of Cathay Pacific Airways at the end of the year, in the latest management reshuffle at Hong Kong's No1 carrier and its parent John Swire & Sons (Hong Kong). Mr Chen, 49, will step into David Turnbull's shoes when Mr Turnbull succeeds James Hughes-Hallett as chairman of Cathay Pacific. Mr ...

  10. Cargo rate fixing fine to hit Cathay's profit

    Posted Jun 28th 2008, 12:00am by Charlotte So

    ... Charlotte So Carrier could see 16pc drop in forecast earnings Cathay Pacific Airways could see estimated earnings slashed by up to 16 per cent this year after it agreed to pay a US$60 ... However, this mechanism violated competition law in the US and the EU decided to let consumers make choices in a liberal market. 'Cathay Pacific has always endeavoured to comply with all Hong ...




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