Dragonair replaces CEO

24th Aug 2006

Cathay Pacific Airways today announced the appointment of Kenny Tang as the Chief Executive Officer designate of Dragonair.He will replace Stanley Hui, whose resignation as Chief Executive Officer of Dragonair, was announced earlier today.

Dragonair will become a wholly-owned subsidiary of Cathay Pacific once a proposed share realignment involving Swire Pacific, Cathay Pacific, Air China, China National Aviation Company (CNAC) and CITIC Pacific, which has just been ratified by Extraordinary General Meetings of the public companies involved, is formalised.

Mr. Tang has considerable experience in the airline industry in Hong Kong. A chartered accountant, he joined Cathay Pacific’s Accounts Department in 1979, rising through the ranks to become General Manager Corporate Finance in 1994. In 1997, Mr. Tang was appointed Chief Operating Officer of freight carrier Air Hong Kong, and in February 2000 he took over as General Manager Cargo for Cathay Pacific. In 2004 he was seconded to Swire Pacific as Managing Director of Taikoo Motors, based in Taiwan.

Mr. Tang is married with one child.

Cathay Pacific Chief Executive Philip Chen said: “I am delighted to announce Kenny Tang’s appointment as Dragonair’s Chief Executive Officer designate. He brings with him a wealth of experience in Hong Kong’s airline industry and is the right man to smooth the transition, as Dragonair becomes a wholly owned subsidiary of Cathay Pacific. Integrating the Cathay Pacific and Dragonair teams will bring significant long-term benefits for Hong Kong and help to maintain the city’s position as a leading international aviation hub.”


Commenting on his new appointment, Kenny Tang said: “I am honoured to be appointed as the Chief Executive Officer designate of Dragonair - an airline with an excellent reputation as a key Mainland and regional carrier.  I will put in my very best efforts with the Dragonair team to deliver even greater benefits to the airline’s customers. And I will certainly focus on maximising the synergies and opportunities that arise with Dragonair linking its Mainland services with Cathay Pacific’s international network.”


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