Company Watch - Cathay Pacific Airways.Aug 13, 2007 Connecticut-based SkyWorks Capital has teamed with Cathay Pacific Cathay Pacific Airways Limited (HKSE: 0293 ) is an airline based in Hong Kong, operating scheduled passenger and cargo services to over 104 destinations worldwide. It is the flag carrier of Hong Kong with its main base at the Hong Kong International Airport. [1]. Airways airways Anatomy The 'pipes'–trachea, bronchi, bronchioles–through which air passes to and from the alveoli. See Small airways. parent Swire Pacific and Air China to create SkyWorks Capital Asia Ltd. The new Hong-Kong based joint venture, ownership of which is evenly divided between SkyWorks, Swire and Air China Development Corp. (Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. ), will give the aerospace and aviation advisory firm a presence in the booming Asia/Pacific market to complement its major role in the US. Aug 10, 2007 Cathay Pacific announced an increase in its Japanese service. It will operate a sixth daily Hong Kong-Tokyo Narita flight from Oct. 28 and applied to codeshare on new Dragonair services to Fukuoka (daily) and Sendai (thrice-weekly), also from Oct. 28. Dragonair will cease operating its daily Tokyo Narita flight. Aug 8, 2007 Cathay Pacific Airways posted a 55 percent rise in first-half earnings on Wednesday, on strong passenger demand and synergies from a buyout of rival Dragonair. Cathay said on Wednesday it would focus on taking advantage of its newly acquired Dragonair, and its extensive network across mainland China, and partner Air China. Hong Kong's largest air carrier posted a net profit of HKD HKD In currencies, this is the abbreviation for the Hong Kong Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $2.58 billion (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $330.8 million) for the January-June period, versus HKD$1.67 billion a year ago. Aug 8, 2007 Cathay Orders Five More Boeing 777s The Boeing 777 is an American long-range wide-body twin-engine airliner built by Boeing Commercial Airplanes. The world's largest twinjet and commonly referred to as the Triple Seven, it can carry between 301 and 368 passengers in a three-class configuration and has a range from Boeing said on Tuesday that Cathay Pacific Airways has ordered five additional 777-300ER extended-range jets, increasing the Hong Kong-based carrier's commitment to 23 planes. Aug 8, 2007 Cathay Pacific Airways has announced that it has placed an order for five more advanced wide-body Boeing 777-300ER "Extended Range" aircraft, increasing its commitment to a total of 23 of the aircraft type.The five additional Boeing 777-300ERs will be purchased directly from the Boeing Company. In December 2005 Cathay Pacific made a commitment to acquire 16 Boeing 777-300ERs - the airline's biggest-ever order for new aircraft. Aug 7, 2007 Cathay Pacific Airways exercised options on five GE90-115B-powered Boeing 777-300ERs, increasing its commitment to the model to 23 aircraft. The conversion is part of CX's December 2005 order for 16 (with 12 directly purchased from Boeing and four leased from ILFC ILFC International Lease Finance Corporation ILFC International Lunar Finance Commission (TV show: Space: 1999) ) plus 20 options. Last year it exercised rights for two more aircraft. Its first -300ER will be delivered next month and it will have five by year end. They will be introduced on the Hong Kong-New York JFK route from Nov. 1. Aug 8, 2007 Dragonair became a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Cathay on September 28. 2006. Cathay Pacific holds a 17.32 percent stake in Air China. The latter said last month that first-half net profit would jump at least 20 times, from just CNY CNY In currencies, this is the abbreviation for the China Renminbi. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 45 million yuan (USD$6 million), under domestic accounting standards. Aug 8, 2007 Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new service that keeps travelers informed on flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Pyramid Media Group / Air Travel Media. All rights reserved. |
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