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  1. 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 ...

  2. Cathay, Dragonair to ask staff to take unpaid leave, but won't force it

    Posted Apr 17th 2009, 12:00am by Simon Parry

    ... All Cathay Pacific and Dragonair staff will today be asked to take weeks of unpaid leave as part of cost cuts aimed at helping the sister airlines through the economic crisis. Flights are also expected to be trimmed as part of the measures that will be outlined to staff in briefings today after Cathay Pacific, the bigger of the two airlines, last month announced its first loss ...

  3. Brilliant tie could be drawn too tight for flying consumers

    Posted Oct 22nd 2004, 12:00am by Joseph Lo

    ... All this time, we thought Cathay Pacific Airways only had eyes for Shanghai-based China Eastern Airlines. So imagine the surprise that reverberated through the aviation industry when Cathay announced on Wednesday that it had agreed to take a 9.9 per cent stake in mainland flag carrier Air China when it goes public later this year, as part of a wider strategic co-operation ...

  4. Citic Pacific in good form after revised hedges

    Posted May 26th 2009, 12:00am by Carol Chan

    ... to sell its stake in Cathay Pacific Airways and he indicated that some members of the family of former chairman Larry Yung Chi-kin would retain a role in the company. Mr Chang also said Citic ... he said the company had no plans to sell its stake in Cathay or its tunnel assets in Hong Kong as they were 'important parts' of Citic Pacific's assets. Citic Pacific would ...

  5. Unions push for bigger pay rises

    Posted Nov 01st 2010, 12:00am by Anita Lam

    ... The Confederation of Trade Unions and a dozen of its affiliates, including cabin crew and pilots from Cathay Pacific, demanded a 7 per cent pay rise - more than double the 2.5 to 3.5 per cent proposed by the Employers' Federation. Mung Siu-tat, of the CTU, said that for most companies a 7 per cent pay rise for staff would amount to less than 6 per cent of their profits. Cathay Pacific topped the list ...

  6. Citic Pacific returns to profit with HK$2.5b net

    Posted Aug 27th 2009, 12:00am by Carol Chan

    ... The company, which earlier this month said it had agreed to sell a 14.5 per cent stake in Cathay Pacific for HK$7.35 billion, would continue its restructuring by selling its non-core assets and direct ... Carol Chan Embattled Citic Pacific, hit by massive losses from wrong-way currency bets last year, returned to profitability in the first half and resumed paying a dividend, even though ...

  7. Cathay sees first hints of recovery

    Posted Jun 30th 2009, 12:00am by Kandy Wong

    ... Kandy Wong Cathay Pacific Airways chief operating officer John Slosar said there was a first tentative sign of the long-awaited recovery in the aviation industry, but there was still ... newsletter that Cathay would restructure the information management department. Mr Tyler said there was a clear need to run the business more efficiently and effectively in the face of the downturn. ...

  8. CNAC pays $113m for 20pc stake in caterer

    Posted Aug 21st 2004, 12:00am by Annette Chiu

    ... Annette Chiu China National Aviation Corp (CNAC) said yesterday it would acquire a 20.2 per cent stake in a catering firm at a cash consideration of $113.5 million. The company, which holds 43 per cent of Hong Kong Dragon Airlines, will pay $89 million to ...

  9. Cathay jet turns back after captain shuts down engine

    Posted Nov 20th 2004, 12:00am by Nick Gentle

    ... Nick Gentle Passenger says he saw engine in flames, but airline insists there was no danger A Cathay Pacific Boeing 747 carrying 343 passengers and crew en route to Hong Kong was forced to return to London's Heathrow Airport yesterday after encountering engine trouble. It is the second time in a fortnight that engine problems have forced a Cathay Pacific flight to be aborted. ...

  10. Cathay moves to check losses on fuel hedging

    Posted Mar 18th 2009, 12:00am by Charlotte So

    ... Charlotte So Cathay Pacific Airways was planning to switch its fuel-hedging strategy to provide more comprehensive protection against changes in oil prices after posting a record loss of HK$8.6 billion last year, chief executive Tony Tyler said yesterday. To mitigate potential losses if oil prices fall further, Cathay will restructure its hedging strategy to buy cash call options ...




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