Cathay Pacific Airways Limited (in simplified Chinese国泰航空有限公司), or Cathay Pacific for short, is a very famous Asian airline which is having a base at Hong Kong International Airport. It also acts as a hub connecting Hong Kong to different parts of the world. It is the biggest airline in Hong Kong and even in Asia and being this, Cathay Pacific is an important member of Oneworld.

Cathay Pacific Airways in 2003, 2005, 2009 had received Skytrax assessment and became the world’s best airline. Cathay Pacific’s core business is operating scheduled air services, airline catering, aircraft handling and aircraft engineering. The company has several subsidiaries, including Hong Kong Dragon Airlines.

Cathay Pacific Airways Limited is registered in Hong Kong, and it is one of the large companies listed in the Hong Kong Stock Exchange. The present chairman of the company is Mr. Pratt. Until October 27, 2008, the market value of Cathay Pacific Airways Limited amounted to 35.43 billion Hong Kong dollars, equivalent to 4.571 billion U.S. dollars. However, the company incurred a loss of 8.558 billion dollars in the annual year of 2008, which is also the worst annual loss over the years of the company’s history. Since then, Cathay Pacific announced several measures to reduce the cost of operations, including reducing the growth plan in 2009, the sale Cathay Pacific Airways fleet of five Boeing 777-200 aircrafts, the delay of the construction of the cargo terminal in Hong Kong International Airport, etc. All these were expected to reduce the cost of the operation of the business, but whether they are effective or not, we need to wait for a few quarters of a year and see the reports.

In fact, despite the fact that Cathay Pacific was trying to reduce the growth plan, it is still trying to provide better services by adding new aircraft, including order of 30 Boeing 777-300ER aircraft. It is expected that in the foreseeable future, this kind of plane would be the main aircraft of the team of Cathay Pacific.