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Cathay Pacific eyes business rebound
HONG KONG: Cathay Pacific Airways, the largest airline in the Hong Kong Special Administrative Region, says it is cautiously optimistic about the growth prospects of the air travel market in the Chinese mainland next year.
Airline against new rules
HONG KONG: Cathay Pacific Airways Ltd expressed concern that a possible move by Hong Kong to restrict aircrew operating cargo flights could reduce the number of available employees and disrupt the supply chain of goods moving in and out of the financial hub.
Cathay Pacific’s dire run eases as losses narrow
HONG KONG: Cathay Pacific Airways Ltd’s first-half loss narrowed from a year earlier as the Hong Kong-based carrier slashed costs and cargo operations helped offset feeble passenger traffic.
Cathay Pacific given extension to draw down loan
HONG KONG: Cathay Pacific Airways Ltd said yesterday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8bil (US$1.01bil or RM4.16bil) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.
Cathay posts record US$2.8bil loss in 2020
HONG KONG: Cathay Pacific Airways Ltd reported a net loss of HK$21.65bil (US$2.8bil or RM11.5bil) for 2020, a period the carrier described as “the most challenging 12 months of its more than 70-year history” as the coronavirus pandemic brought unprecedented disruption to global air travel.
Asian markets a sea of red as virus woes add to correction fears
HONG KONG (AFP): Asian markets suffered further losses Thursday (Jan 28), tracking a rout in New York and Europe as markets were hit by a perfect storm of worries about the slow rollout of vaccines, surging infections, a stuttering economic recovery, and high valuations.
Hong Kong's Greater Bay Airlines seeks to fly over 100 routes
HONG KONG (Xinhua): Greater Bay Airlines Company Limited has applied to Hong Kong’s Air Transport Licensing Authority to operate routes between the special administrative region and 104 destinations.
Cathay Pacific offers early retirement scheme to older pilots
HONG KONG: Cathay Pacific Airways Ltd said it will offer a voluntary scheme to its Hong Kong-based pilots who are approaching retirement age to leave the group early, in a continued effort to cut costs amid the coronavirus pandemic.
Cathay shareholders approve US$5bil plan
HONG KONG: Cathay Pacific Airways Ltd’s shareholders approved a plan to raise HK$39bil (US$5bil) in a government-backed rescue that includes the sale of preference shares and a rights issue.
