Cathay Pacific has announced today that John Slosar, chairman of the company, will be retiring at the conclusion of the next board meeting. The board of directors has appointed Patrick Healy to succeed Slosar as chairman.
Rupert Hogg has stepped down as chief executive of Cathay Pacific. Hogg warned on Monday staff could be fired if they “support or participate in illegal protests” in Hong Kong.
Cathay Pacific has completed the acquisition of Hong Kong Express Airways. Cathay Pacific chief executive and HK Express chairman, Rupert Hogg, said: “We are very excited to welcome HK Express into the group.”
Cathay Pacific is reopening its newly renovated Shanghai Pudong Cathay Pacific Lounge, marking the introduction of the airline’s awards-winning lounge design to mainland China for the first time.
American Airlines has launched a codeshare agreement with Cathay Dragon, adding service to four new destinations and increased service to three existing markets in south-east Asia.
The Hong Kong flag-carrier purchased the airline from China-based HNA Group as the latter continues to sell assets to battle a debt crisis. Cathay said it would continue to operate Hong Kong Express as a separate brand, based on a low-cost airline model.
The Hong Kong-based carrier earned a HK$2.35 billion ($300 million) profit for the year ended December 31st, as it benefited from rising airfares and a turnaround plan designed to lower costs and boost revenue
Cathay Pacific Airways has become the second airline to operate the A350-1000, the world’s newest long range widebody airliner. The airline took delivery of the aircraft at a special event in Toulouse, France.
Cathay Pacific and Air Astana have announced an agreement that will enhance travel options for customers travelling to and from Kazakhstan.