Sunday, July 23, 2006

Cathay to add flights in mainland

Cathay Pacific Airways Ltd, the world's fourth-largest international cargo carrier, plans to start Hong Kong-Beijing freighter flights and increase its Shanghai service as rivals target China's mainland for expansion, Bloomberg News reported.
Hong Kong's biggest airline may also add more cargo flights to southern Europe and India over the next few years to meet demand from customers, Ron Mathison, Cathay's general manager for cargo, said.
Cathay earned 25 percent of sales last year from cargo, as exports fueled economic growth of 9.9 percent in China's mainland. Deutsche Lufthansa AG, Singapore Airlines Ltd and other carriers are forming joint ventures to challenge Cathay in the world's fastest-growing major economy.
23/07/06 Shanghai Daily/China Daily, China