Hang Seng list drops Cathay

November 14, 2017 by  
Filed under Aviation, News

HONG KONG, 14 November 2017: Hong Kong’s struggling flag carrier Cathay Pacific was removed at the weekend from the prestigious list of companies that make up the city’s benchmark index.

The removal from the Asian financial hub’s Hang Seng Index will take place  4 December, the Hang Seng Indexes Company said in a statement.

The company has been on the index since 1986. Read more

Treat yourself to the Sevens

September 19, 2017 by  
Filed under Travel Deals

BANGKOK, 19 September 2017: Cathay Pacific offers rugby fans deals on the ‘Hong Kong Sevens 2018.

An airfare with a ticket for the Rugby Sevens package starts at THB20,140 with the sales and booking window open through to 20 March 2018.

The sporting event will take place from 6 to 8 April, while the travel period for the package runs from 30 March to 8 April. Read more

Cathay splurges on A320 order

September 15, 2017 by  
Filed under Aviation, News, North Asia

PARIS, 15 September 2017: Airbus said Wednesday it has finalised a more than USD4 billion order with Cathay Pacific for 32 of its A321neo aircraft to revamp the Hong Kong-based carrier’s regional affiliate.

The single-aisle medium-haul jets will be operated by Cathay Dragon, which flies from Hong Kong to a number of Asian destinations, Airbus said in a statement.

A preliminary agreement had been signed in August. Read more

Cathay suffers massive loss

August 17, 2017 by  
Filed under Aviation, China, News

HONG KONG, 17 August 2017: Cathay Pacific on Wednesday reported a massive net loss of HKD2.05 billion (USD262.07 million) for the first half of the year as the airline struggled with intense competition from rivals.

The results, which were far worse than analysts predicted, came after Cathay saw its first annual loss in eight years in 2016, as lower cost Chinese carriers eat into its market share.

Chairman John Slosar described the results as “disappointing” to reporters. Read more