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Cathay Pacific

All articles tagged with #cathay pacific

business2 months ago

Qatar Airways Divests Entire Cathay Pacific Stake for $897 Million

Qatar Airways has sold its entire 9.7% stake in Cathay Pacific for about $897 million, marking its exit from Hong Kong’s flagship airline after eight years, as part of its strategic portfolio optimization. Cathay Pacific plans to buy back the stake at a premium, reflecting confidence in its future growth, and will fund the deal through internal resources and credit lines. The transaction will increase Swire Pacific and Air China's stakes in Cathay Pacific, with ongoing partnership through the oneworld Alliance.

via CNBC|
#airline-industry#business#cathay-pacific
business2 months ago

Qatar Airways Sells 10% Stake in Cathay Pacific: What's Behind the Move?

Qatar Airways is selling its nearly 10% stake in Cathay Pacific, bought in 2017 for around $662 million, now valued at approximately $892 million, with both airlines citing different reasons—Cathay Pacific for confidence in its future and Qatar Airways for recent profitability—though the true motivation may involve geopolitical considerations. The sale appears unusual given Qatar's typical investment approach and the lack of control implications, suggesting possible underlying political factors.

via One Mile at a Time|
#airline-industry#business#cathay-pacific
entertainment1 year ago

Cathay Pacific Pulls 'Family Guy' Episode Over Tiananmen Scene

Cathay Pacific Airways has apologized and removed a Family Guy episode featuring a reference to the Tiananmen Square 'Tank Man' from its in-flight entertainment, following a complaint about potential national security law breaches. The episode, "Death Has a Shadow," includes a scene with the main character in Tiananmen Square, which led to the decision to pull it from the airline's offerings.

via South China Morning Post|
#cathay-pacific#censorship#entertainment
aviation-accident2 years ago

"Two Passenger Jets Collide at Japanese Airport Amid Wintry Weather and Recent Tokyo Incident"

Two passenger jets, a Korean Air Lines plane and a Cathay Pacific Airways aircraft, collided at New Chitose Airport in Japan's Hokkaido. The incident occurred as the Korean Air plane was preparing for take-off, with no injuries reported among the 289 passengers on board. This collision comes weeks after a deadly crash at Tokyo's Haneda Airport, where a passenger jet burst into flames after colliding with a Coast Guard plane, leaving five dead. Investigations into both incidents are ongoing.

via Daily Mail|
#aviation#aviation-accident#cathay-pacific
aviation2 years ago

Planes Collide on Tarmac in Japan Amid Wintry Weather

A Korean Air plane clipped wings with a Cathay Pacific jet at Hokkaido’s New Chitose Airport in Japan amid heavy snow, with no reported injuries. This incident follows a fatal collision at Tokyo’s Haneda airport earlier in January. Both airlines confirmed the incident on social media, with Cathay Pacific canceling a flight and arranging alternative travel for affected passengers. Airport safety in Japan has been under scrutiny, and the details of the collision are currently under investigation.

via CNN|
#airport-collision#aviation#cathay-pacific
aviation2 years ago

Planes Collide at Japanese Airport in Snowy Weather

Two passenger planes, one from Korean Air and the other from Cathay Pacific, clipped wings at New Chitose Airport in Japan during snowy conditions, resulting in damage to the planes. No injuries were reported, and the incident occurred as a towing vehicle pushing the Korean Air plane lost traction due to the snow. This comes just weeks after a dramatic collision at Tokyo's Haneda Airport involving a Japan Airlines jet.

via Fox Business|
#airport-incident#aviation#cathay-pacific
asia-pacific2 years ago

Multiple Plane Collisions at Japanese Airports Spark Safety Concerns

Two planes, one belonging to Korean Air and the other to Cathay Pacific, collided at New Chitose Airport in Hokkaido, Japan, with no reported injuries. The incident occurred amid heavy snow, and both aircraft sustained damage. This collision comes just weeks after a deadly runway blaze in Tokyo involving a Japan Airlines plane and a Coast Guard aircraft, which resulted in the deaths of five crew members.

via The New York Times|
#airport-collision#asia-pacific#aviation-incidents
aviation2 years ago

Planes Collide at Japanese Airport in Second Recent Incident

Two passenger planes, a Korean Air and a Cathay Pacific, collided at New Chitose Airport in Hokkaido, Japan, with the Korean Air plane carrying 276 passengers and 13 crew. The incident occurred on the ground, and no injuries were reported. Poor visibility and heavy snow in the area may have contributed to the collision, leading to flight cancellations and ongoing disruption at the airport. This comes shortly after another airplane collision at Tokyo’s Haneda Airport.

via ABC News|
#airplane-collision#aviation#cathay-pacific
business2 years ago

Cathay Pacific's Freight Future: Airbus Takes the Lead over Boeing

Cathay Pacific Airways has chosen Airbus over Boeing for its freighter order, placing a firm order for six Airbus A350 freighters with a list price of $2.71 billion. The airline plans to replace its aging Boeing 747 cargo jets with the more fuel-efficient A350s, which are expected to be delivered between 2027 and 2029. Cathay has also secured the right to acquire 20 more A350 freighters. The selection of Airbus comes after several months of postponing a decision, and the new freighters will expand Cathay's cargo capacity and contribute to its sustainability goals.

via Reuters|
#airbus#boeing#business
aviation2 years ago

Cathay Pacific expands hiring of mainland Chinese flight attendants.

Cathay Pacific will begin recruiting flight attendants from mainland China in July and will provide all flight attendants with culture training to ensure they treat mainland Chinese passengers with respect. The airline's percentage of passengers from mainland China has increased massively in the past several months, and the move follows an incident where a crew was accused of disrespecting Mandarin speaking passengers. It remains unclear if Cathay Pacific is setting up crew bases in mainland China or if the airline is recruiting flight attendants in mainland China to move to Hong Kong.

via One Mile at a Time|
#aviation#cathay-pacific#culture-training
business2 years ago

Cathay Pacific's Double Trouble: Covid and China Crackdown.

Cathay Pacific, the flagship carrier of Hong Kong, is struggling to recover from the Covid pandemic and the aftermath of pro-democracy protests in 2019. The airline's business was decimated by flight bans and quarantine requirements, and it was caught in the crossfire with Beijing. Cathay Pacific is still struggling to hire enough pilots, flight crew, and other staffers to compete with other airlines. The airline aims to return to 70% flight capacity and 80 destinations by the end of 2023, with 160 flights per week to 16 airports in mainland China. However, China's determined influence over Hong Kong still threatens the airline's reputation.

via The New York Times|
#airline-industry#business#cathay-pacific