Cx Profile

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Category: Business and Industry

Date Submitted: 11/12/2012 04:26 AM

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PROFILE Cathay Pacific Airways is an international airline registered and based in Hong Kong, offering scheduled passenger and cargo services to 117 destinations in 36 countries and territories. The company was founded in Hong Kong in 1946 and remains deeply committed to its home base, making substantial investments to develop Hong Kong as one of the world’s leading global transportation hubs. In addition to the fleet of 127 wide-bodied aircraft, these investments include catering, aircraft maintenance, ground handling companies and the corporate headquarters, Cathay Pacific City, at Hong Kong International Airport. Hong Kong Dragon Airlines Limited (Dragonair), an Asian regional airline registered and based in Hong Kong offering scheduled passenger and cargo services to 30 destinations in 10 countries and territories with a fleet of 28 aircraft, is a wholly owned subsidiary of Cathay Pacific. Cathay Pacific owns 18.1% of Air China Limited, the national flag carrier and a leading provider of passenger, cargo and other airline related services in Mainland China, and has established a framework agreement with Air China to establish a jointly owned cargo airline which is expected to begin operations in summer 2010. Cathay Pacific is also the major shareholder in AHK Air Hong Kong Limited (Air Hong Kong), an all-cargo carrier offering scheduled services in the Asian region. Together with its subsidiaries, Cathay Pacific employ some 20,000 people in Hong Kong. The airline is listed on the Stock Exchange of Hong Kong Limited, as are its substantial shareholders Swire Pacific Limited and Air China. Cathay Pacific is a founding member of the oneworld global alliance, whose combined network serves almost 700 destinations worldwide. Dragonair is an affiliate member of oneworld.

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