https://en.wikipedia.org/w/api.php?action=feedcontributions&feedformat=atom&user=219.78.168.71Wikipedia - User contributions [en]2024-11-08T15:36:31ZUser contributionsMediaWiki 1.44.0-wmf.2https://en.wikipedia.org/w/index.php?title=Country_Garden&diff=814043809Country Garden2017-12-06T16:09:04Z<p>219.78.168.71: /* External links */</p>
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<div>{{About||the English folk tune|Country Gardens}}<br />
{{Infobox company<br />
| name = Country Garden Holdings Company Limited <br /> 碧桂园控股有限公司<br />
| logo = Country Garden logo.png<br />
| type = [[Public Company]] <br />
| genre = <br />
| foundation = 1992<br />
| founder = Mr. [[Yang Guoqiang]]<br />
| location_city = [[Shunde]], [[Foshan]], [[Guangdong]]<br />
| location_country = [[People's Republic of China]]<br />
| location =<br />
| origins =<br />
| key_people = [[Chairman]]: Mr. [[Yang Guoqiang]]<br />Largest [[Shareholder]]: Miss [[Yang Huiyan]]<br />
| area_served = [[People's Republic of China]], [[Malaysia]],<ref name="countrygardendangabay.com.my">{{cite web|url=http://www.countrygardendangabay.com.my/|title=Country Garden Danga Bay Johor Bahru Iskandar Malaysia|publisher=}}</ref> [[Australia]]<ref name="rydegarden.com.au">{{cite web|url=http://www.rydegarden.com.au/|title=Ryde Garden|publisher=}}</ref><br />
| industry = [[Real Estate, ]] Education<br />
| products = Landed & [[Tower block|High-Rise Residential]], Commercial, Leisure and [[Hospitality]] developments<br />
| services = Property & Facilities Management, Hotel Operations, Schools<br />
| revenue = US$20.8 billion<ref name="mingtiandi.com">{{cite web|url=http://www.mingtiandi.com/real-estate/finance-real-estate/find-out-which-developer-leads-chinas-top-10-for-2014/|title=Find Out Which Developer Led China’s Top 10 for 2014|date=6 January 2015|publisher=}}</ref><br />
| operating_income =<br />
| net_income =<br />
| num_employees = 70,000<br />
| parent =<br />
| divisions = <br />
| subsid = Country Garden Properties (Malaysia) Sdn. Bhd.,<ref>http://www.countrygarden.com.my/{{dead link|date=August 2017 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> Country Garden Danga Bay Sdn. Bhd.<ref name="countrygardendangabay.com.my"/><br />
| owner = <br />
| slogan = 5-Star Living For You<br />
| homepage =[http://www.countrygarden.com.cn/ Country Garden Holdings Company Limited]<br />
}}<br />
<br />
'''Country Garden''' ([[Chinese character|Chinese]]: 碧桂園; [[Pinyin]]: Bìguìyuán) ({{hkex|2007}}) is a property development company based in [[Guangdong]] Province, [[China]], owned by [[Yang Guoqiang]]'s family ([[Chinese character|Chinese]]: 杨国强; [[Pinyin]]: Yáng Guóqiáng). In 2011, it was named one of [[Forbes Asia]]’s Fab Top 50 Companies.<ref>{{cite web|url=https://www.forbes.com/lists/2011/37/fab-50-11_Country-Garden-Holdings_6KLM.html|title=Country Garden Holdings - Forbes.com|publisher=}}</ref> Country Garden boasts a [[market capitalization]] of over US$8 billion as of 2014;<ref>{{cite web|url=https://www.forbes.com/companies/country-garden-holdings/|title=Country Garden Holdings on the Forbes Asia's Fab 50 Companies List|publisher=}}</ref> with more than 200 high-end [[township]] developments throughout China, [[Malaysia]] and [[Australia]] among its vast international project portfolio. To date, the company has sold properties to over 1,500,000 homeowners and employ above 70,000 people worldwide.<br />
<br />
==Background==<br />
Established in 1992 in [[Shunde]], [[Guangdong]], Country Garden was listed on the [[Hong Kong Stock Exchange]] on April 20, 2007, making billionaires of five of its shareholders.<br />
<br />
Founder Yang Guoqiang built the company from scratch, having previously worked as a farmer and on construction sites.{{Citation needed|date=October 2008}} The company now has interests in property development, construction, fitting and decoration, property management and hotel operations in a wide variety of global markets. In 2014, Country Garden was ranked the 6th largest property developer in China by sales revenue.<ref name="mingtiandi.com"/><br />
<br />
In 2005, Yang transferred his shares in Country Garden Holdings Company Limited to his daughter, [[Yang Huiyan]]. In October 2007, she was declared the richest woman in Asia by ''[[Forbes]]'' magazine, with a net worth of US$16 billion.<ref>[https://www.reuters.com/article/worldNews/idUSPEK24602820071008?feedType=RSS&feedName=worldNews&rpc=22&sp=true China's richest person is 26-year old woman: Forbes], [[Reuters]], Oct 8, 2007.</ref> Yang himself remains chairman and chief executive of the company.{{Citation needed|date=October 2008}}<br />
<br />
==Overseas Forays==<br />
Country Garden’s first overseas venture outside of China is the exclusive Country Garden Danga Bay (CGDB) coastal development in [[Johor Bahru]], [[Iskandar Malaysia]].<ref name="countrygardendangabay.com.my"/> With Country Garden Danga Bay, the company unseated market expectations by managing to hit a sales figure of US$1.57 billion (MYR5.0 billion) on the day of its official launch.<ref>{{cite web|url=http://dev.nst.com.my/node/3378|title=China developer upbeat on property sales here|publisher=}}</ref> To date, more than 6000 residents from all over the world call Country Garden Danga Bay their home. Similarly, its second Malaysian project in [[Semenyih]], [[Selangor]] termed Country Garden Diamond City had 70% of its total units for Phase 1 sold in early June 2014.<br />
<br />
In order to support its long term growth strategy in Malaysia, Country Garden Real Estate Sdn Bhd launched a RM1.5 billion Sukuk Murabahah programme in December 2015, with proposed programme tenure of 20 years. Country Garden has become the first China company as well as the first Hong Kong listed company to tap into the ever growing Islamic sukuk market. <br />
<br />
Country Garden’s overseas venture in [[Sydney]], [[Australia]] also garnered strong sales, with 296 apartments at its Ryde Garden <ref name="rydegarden.com.au"/> development sold within 6 hours in late June 2014; generating US$169 million (AUD180 million) in the process.<ref>{{cite web|url=http://www.domain.com.au/news/300m-worth-of-new-units-sell-in-a-day-20140630-zsr5s/|title=$300m worth of new units sell in a day|date=2 July 2014|publisher=}}</ref><br />
<br />
Country Garden with Indonesian conglomerate [[Lippo Group|PT Lippo Cikarang Tbk]] and Chinese '''Shenzhen Yantian Port Group Co Ltd''' will develop the '''Indonesia-Shenzhen Industrial Estate''' at [[Lippo Cikarang]] township, [[Cikarang]], [[West Java]], [[Indonesia]] at a cost of $14 billion.<ref>{{Cite web|url=https://www.reuters.com/article/lippo-cikarang-investment-idUSL3N18M2H0|title=Indonesia Lippo says to build $14 bln industrial park with China firms}}</ref> The industrial park is expected to draw tenants from Chinese companies, ranging from high tech manufacturers of mobile phone batteries and solar panels, to app developers. <ref>{{Cite web|url=http://jakartaglobe.id/business/lippo-group-welcomes-shenzhen-business-delegation-jointly-develop-industrial-estate-cikarang|title=Lippo Group Welcomes Shenzhen Business Delegation to Jointly Develop Industrial Estate in Cikarang}}</ref><br />
<br />
==Recent News==<br />
On April 2, 2015, Chinese insurance giant [[Ping An]] became the second largest shareholder in Country Garden by acquiring 9.9% of the company for US$800 million.<ref>{{cite web|url=https://www.wsj.com/articles/ping-an-plants-cash-in-country-garden-heard-on-the-street-1427971619|title=Ping An Plants Cash in Country Garden|first=Alex|last=Frangos|date=2 April 2015|publisher=|via=Wall Street Journal}}</ref><br />
<br />
==See also==<br />
*[[Real estate in China]]<br />
<br />
==Notes==<br />
<references/><br />
<br />
==External links==<br />
{{commons category|Country Garden (Holdings)}}<br />
*[http://www.countrygarden.com.cn/ Official Website Of Country Garden](GB)<br />
*[http://www.countrygardendangabay.com.my/ Official Website Of Country Garden Danga Bay](GB)<br />
*[http://mrwavetheory.blogspot.com/2007/10/yang-huiyan-is-26-and-shes-got-16.html Yang Huiyan is 26 and She's Got $16 Billion ]<br />
<br />
{{Real estate companies of China}}<br />
{{Hang Seng Index}}<br />
<br />
[[Category:Companies listed on the Hong Kong Stock Exchange]]<br />
[[Category:Real estate companies of China]]<br />
[[Category:Privately held companies of China]]<br />
[[Category:Companies based in Foshan]]<br />
[[Category:Shunde District]]</div>219.78.168.71https://en.wikipedia.org/w/index.php?title=WH_Group&diff=814043713WH Group2017-12-06T16:08:22Z<p>219.78.168.71: /* External links */</p>
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<div>{{update|date=November 2015}}<br />
{{Use dmy dates|date=June 2013}}<br />
{{Infobox company<br />
| name = Shuanghui Group <br /> 双汇集团<br />
| logo = [[Image:WHGroup.png|200px]]<br />
| type = Private with public subsidiary<br />
| foundation = 1958<br />
| founder =<br />
| location_city = [[Luohe]], Henan<br />
| location_country = People's Republic of China<br />
| key_people = [[Wan Long (businessman)|Wan Long]] (Chairman)<ref name=Economist/><br />
| area_served = People's Republic of China<br />
| industry = Food<br />
| products = Meat<br />
| services =<br />
| revenue = $7.28 billion <ref>[https://www.forbes.com/companies/henan-shuanghui-investment/ The World's Most Innovative Companies: #24 Henan Shuanghui Investment]</ref><br />
| net_income =<br />
| num_employees = 62,000 - 63,000<br />
| divisions =<br />
| subsid = Henan Shuanghui Investment & Development (Shuanghui Development)<br>[[Smithfield Foods]]<br />
| owner = [[CDH Investments]] (33.7%)<BR>[[Goldman Sachs]] (5.2%)<BR>New Horizon Capital (4.2%), [[Temasek Holdings]] (2.8%).<ref name=banks>{{cite web | url=https://www.reuters.com/article/us-shuanghui-smithfield-idUSBRE94U0EB20130531 | title=Banks said to lend China's Shuanghui $7 billion for Smithfield deal | first1=Stephen | last1=Aldred | first2=Kane | last2=Wu | publisher=[[Reuters]] | date=May 31, 2013}}</ref><br />
| slogan =<br />
| homepage = [http://www.shuanghui-international.com/ WH Group]<br/>[http://www.shuanghui.net/ Shuanghui Development]<br />
}}<br />
'''WH Group''' ({{zh|c=万洲国际|p=Wànzhōu guójì}}), formerly known as '''Shuanghui Group''' ({{zh|c=双汇集团|p=Shuānghuì jítuán}}),<ref name=AP /> is a privately owned Chinese meat and [[food processing]] company headquartered in [[Luohe]], Henan, China.<ref name=WSJ /><ref name=about /> Sometimes also known as '''Shineway Group''' in English-speaking countries, the company's businesses include hog raising, consumer meat products, flavoring products, and logistics.<ref>{{cite news | title=China's Shuanghui in $4.7B deal for Smithfield | author=Paul Davidson | author2=Elizabeth Weise | work=[[USA Today]] | url=https://www.usatoday.com/story/money/business/2013/05/29/smithfield-foods-china-acquisition/2368671/| date=29 May 2013}}</ref> It is the largest pork producer in the world,<ref name=about>{{cite web | title=WH Group: Corporate Profile | url=http://www.wh-group.com/en/about/profile.php | publisher=WH Group}}</ref> and the largest meat producer in China.<ref name=AP2>{{cite news | url=https://www.yahoo.com/news/chinas-entrepreneurs-expand-global-presence-064616656.html | title=China's entrepreneurs expand global presence | first=Joe | last=McDonald | work=[[Associated Press]] | date=31 May 2013}}</ref><br />
<br />
Shuanghui has 13 facilities that produce more than 2.7 million tons of meat per year.<ref name=AP>{{cite news| url=https://www.cnbc.com/id/100772235 | title=China's Shuanghui buying Smithfield Foods for about $4.72 billion, taking company private | publisher=Associated Press | date=29 May 2013 | accessdate=2013-05-29 | author=Chapman, Michelle}}</ref> It slaughters more than 15 million pigs a year, but only raises about 400,000; the rest are purchased from suppliers.<ref name=Economist>{{cite news | title=Pigs will fly | url=https://www.economist.com/news/business/21578687-chinese-buyer-americas-biggest-pork-producer-pigs-will-fly |work=[[The Economist]] | date=1 June 2013}}</ref> The company holds more than 500 [[patent]]s and produces 1,000 different products.<ref name=about /><br />
<br />
[[Wan Long (businessman)|Wan Long]] ({{zh|c=万隆}}), nicknamed China's "number one butcher" because of the large number of pigs the company slaughters, is the chairman of Shuanghui.<ref name=Economist /> As of May 2013, Zhijun Yang is the managing director.<ref name=AP /> The company employs over 60,000 people and is 30% employee owned.<ref name=about/><br />
<br />
==Name==<br />
In January 2014, Shanghui International changed its name to WH Group, though one of its subsidiaries, Henan Shuanghui Investment & Development Co., Ltd., retained the Shanghui name.<ref>{{cite web|url=http://www.wh-group.com/en/about/profile.php |title=Corporate Profile |publisher=WH Group |accessdate=April 12, 2017}}</ref> The new name is derived from the initials of "Wanzhou Holdings," where the Chinese characters "wan" and "zhou" connote eternity and continents, respectively.<ref>{{cite press release | url=http://www.businesswire.com/news/home/20140121005322/en/Shuanghui-International-WH-Group | title=Shuanghui International Changes Name to WH Group | publisher=[[Business Wire]] | date=January 21, 2014}}</ref> When it acquired Smithfield Foods in 2013, it was still known as Shanghui.<br />
<br />
==History==<br />
Shuanghui was set up by the local [[Luohe]] city government in 1958 as a single processing plant. Wan Long was appointed chairman in 1984. Under Wan, the company has expanded aggressively. In his first year, he turned around a struggling company, bringing it from a net loss to a net profit of 5 million yuan ($1.7 million).<ref name=AP2 /> The company introduced its first branded meat product to the market in February 1992. Later that year, Shuanghui formed a joint venture with 16 institutional investors across six countries.<ref name=about/> In 1994, the venture was incorporated as Shuanghui Group.<ref name=forsale>{{cite news|url=http://www.chinadaily.com.cn/english/doc/2006-03/04/content_526484.htm|title=Henan meat processor Shuanghui up for sale|date=4 March 2006|work=China Daily|author=Zhang Lu|accessdate=31 May 2013}}</ref> Shuanghui subsidiary Henan Shuanghui Investment & Development Company Limited ({{szse|000895}}) was established and listed on the [[Shenzhen Stock Exchange]] in 1998.<ref>[https://www.google.com/finance?q=SHE:000895 Henan Shuanghui Investment & Development]</ref> In 2000, Shuanghui started a post-secondary educational-work research division.<ref name=about /><br />
<br />
By 2006, Shuanghui was the largest food processor in China by company value, and 131st largest company overall. The company was valued at $1.3 billion, and controlled more than 50% of China's high-temperature processed meat market at that time.<ref name=forsale /> That year, [[Luohe]] government sold its share of Shuanghui to a joint venture of [[Goldman Sachs]] and private equity firm [[CDH Investment Bank|CDH Investments]].<ref>{{cite news | title=Off the Chopping Block, Onward for Shuanghui | url=http://english.caixin.com/2010-12-09/100205937.html|accessdate=17 May 2013 | newspaper=Caixin Online | author=Shen Hu | author2=Li Qing}}</ref> Goldman Sachs later sold most of its share, reportedly for a large profit,<ref name=Economist /> but owned 5.2% of the company as of May 2013.<ref name=banks/><br />
<br />
In 2011, state-owned [[CCTV]] revealed that Shuanghui pork contained [[clenbuterol]], a banned chemical that can be harmful to humans.<ref name=AP /><br />
<br />
==Acquisition of Smithfield Foods==<br />
On 29 May 2013, Shuanghui announced its intention to purchase American pork producer [[Smithfield Foods]], Inc., for $34 per share, or approximately US$4.72 billion total. Including assumed debt, the total value of the deal was about $7.1 billion. The agreed purchase price represented a 31% premium over Smithfield's market price at the time when the deal was announced.<ref name=AP /> The businesses had been in discussion for four years before they were able to come to terms.<ref name=Economist /><br />
<br />
Before it was finalized, the deal had to be approved by Smithfield shareholders and the U.S. Committee on Foreign Investment in the United States.<ref name=AP /> However, ''[[The Wall Street Journal]]'' predicted the deal was "unlikely to face serious opposition" from regulators.<ref name=WSJ>{{cite news | url=https://www.wsj.com/articles/SB10001424127887323728204578513382714121410 | title=Opposition to China-Smithfield Deal Seen as Muted | work=[[Wall Street Journal]] | date=29 May 2013}}{{subscription required}}</ref> "The administration clearly has a public policy of open arms – it's hard for me to believe that there are going to be many speed bumps in this transaction," said U.S. China Economic and Security Review Committee member Michael Wessel.<ref name=WSJ /> Several Congressmen expressed concerns over the purchase but stopped short of saying they would oppose it.<ref name=WSJ /> It was ultimately approved by Smithfield shareholders on September 24, 2013, and the merger was to be completed two days later.<ref>{{cite news | url=http://www.ibtimes.com/smithfield-foods-shareholders-approve-47-billion-acquisition-chinas-shuanghui-1410564 | title=Smithfield Foods Shareholders Approve $4.7 Billion Acquisition By China's Shuanghui | first=Amrutha | last=Gayathri | publisher=[[International Business Times]] |date=September 24, 2013}}</ref><br />
<br />
To allay potential concerns about food safety, Smithfield CEO Larry Pope stated the deal would "[preserve] the same old Smithfield, only with more opportunities and new markets and new frontiers."<ref name=AP /> No Chinese pork would be imported to the United States, he stated, but rather Shuanghui desired to export American pork. There is a growing demand for foreign food products in China due to recent food scandals.<ref name=AP /> Smithfield's existing management team would remain intact and no major changes to its workforce would occur.<ref name=AP /> Analyst Derek Scissors said companies such as Shuanghui are "not looking to cause any trouble in the American market&nbsp;...They want to gain from what the U.S. is able to do."<ref name=AP /> China has been a net importer of pork since 2008.<ref name=Economist /><br />
<br />
The deal was the largest ever takeover of a U.S. company by a Chinese company,<ref name=AP /> roughly doubling the number of US jobs tied to direct investment by China. The previous largest takeover was [[Dalian Wanda Group]]'s acquisition of [[AMC Theatres]] for $2.6 billion.<ref name=AP2 /> Smithfield ceased to be publicly traded at the deal's completion.<ref name=AP /><br />
<br />
In July 2013, Shuanghui announced its plan to list Smithfield on the [[Hong Kong Stock Exchange]] after completing the takeover. The IPO was expected to see the firm valued at around $4 billion.<ref>{{cite news| url=https://www.reuters.com/article/2013/07/17/us-smithfield-shuanghui-idUSBRE96F0BA20130717 | title=Exclusive: Smithfield's China bidders plan Hong Kong IPO after deal - sources | author=Saeed Azhar and Stephen Aldred | publisher=[[Reuters]] | date=16 July 2013}}</ref> However, the IPO plan was ultimately scrapped in 2014.<ref>{{cite news | url=https://www.wsj.com/articles/wh-group-scraps-hk-ipo-on-weak-demand-1398768671 | title=WH Group Failed to Heed Signals Before Scrapping IPO | publisher=Wall Street Journal | author=Prudence Ho | date=April 29, 2014}}{{subscription required}}</ref><br />
<br />
==References==<br />
{{Reflist|colwidth=30em}}<br />
<br />
==External links==<br />
*{{official website|http://www.shuanghui.com.cn}}<br />
<br />
{{Food companies of China}}<br />
{{Hang Seng Index}}<br />
<br />
[[Category:Companies established in 1958]]<br />
[[Category:Companies established in 1998]]<br />
[[Category:Food and drink companies of China]]<br />
[[Category:Companies based in Henan]]<br />
[[Category:Intensive farming]]<br />
[[Category:Chinese brands]]</div>219.78.168.71https://en.wikipedia.org/w/index.php?title=Cathay_Pacific&diff=814043454Cathay Pacific2017-12-06T16:06:30Z<p>219.78.168.71: /* External links */</p>
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<div>{{EngvarB|date=November 2015}}<br />
{{Use dmy dates|date=November 2015}}<br />
{{Infobox airline<br />
| airline = Cathay Pacific Airways Limited<br/>{{lang|zh|國泰航空有限公司}}<br />
| image = <br />
| IATA = CX<br />
| ICAO = CPA<br />
| callsign = CATHAY<br />
| aoc = <br />
| hubs = [[Hong Kong International Airport]]<br />
| focus_cities = <br />
| frequent_flyer = <div><br />
* Asia Miles<br />
* The Marco Polo Club</div><br />
| alliance = [[Oneworld]]<br />
| fleet_size = [[Cathay Pacific fleet|148]]<br />
| destinations = [[Cathay Pacific destinations|81]]<ref name="CATHAY PACIFIC FACT SHEET">{{cite report |author=Cathay Pacific |date=2016 |title=Cathay Pacific Airways Limited – CATHAY PACIFIC FACT SHEET 2017 |url=http://downloads.cathaypacific.com/cx/press/cxw/CX_Fact%20Sheet_en.pdf }}</ref><br />
| company_slogan = ''Life Well Travelled''<br />
| parent = <br />
| num_employees = 23,000 <small>(Oct 2016, Cathay Pacific)</small>, 33,800 <small>(Oct 2016, incl. subsidiaries)<ref>{{cite web|author1=Cathay Pacific|title=Fact sheet — Total Number of Cathay Pacific Airways Staff|url=https://www.cathaypacific.com/cx/en_HK/about-us/press-room/fact-sheet.html|accessdate=23 December 2016}}</ref></small><br />
| logo = Cathay Pacific logo.svg<br />
| logo_size = 300<br />
| founded = {{Start date|df=y|1946|09|24}}<br />
| subsidiaries = <div><br />
* [[Air Hong Kong]]<br />
* [[Cathay Dragon]]</div><br />
| headquarters = [[Cathay City]], [[Hong Kong International Airport]], [[Chek Lap Kok]], Hong Kong<ref name="HQReg"/><br />
| key_people = <div><br />
* John Robert Slosar <br> {{small|(Chairman)}}<br />
* Rupert Hogg <br> {{small|([[Chief Executive Officer]])}}<br />
* Algernon Yau <br> {{small|(Executive Director)}}<br />
| traded_as = {{sehk|293}}<br />
| revenue = {{decrease}} [[Hong Kong Dollar|HK$]]92,751&nbsp;million <small>(2016)</small><ref name="Annual Results 2016">{{cite report |author=Cathay Pacific |date=15 March 2017 |title=Cathay Pacific Airways Limited – Annual Results 2016 |url=https://www.cathaypacific.com/dam/cx/about-us/investor-relations/announcements/en/2016_annual_results_en.pdf |format=PDF |access-date=21 March 2017 }}</ref><br />
| operating_income = {{decrease}} HK$223&nbsp;million <small>(2016)</small><ref name="Annual Results 2016"/><br />
| net_income = {{decrease}} -HK$274&nbsp;million <small>(2016)</small><ref name="Annual Results 2016"/><br />
| website = [https://www.cathaypacific.com cathaypacific.com]<br />
}}<br />
{{Chinese|title=Cathay Pacific Airways Limited|first=t|showflag=y|t=國泰航空有限公司|s=国泰航空有限公司|altname=Cathay Pacific Airways|t2=國泰航空|s2=国泰航空|h2=Get<sup>5</sup>{{small|(''or'' gok<sup>5</sup>)}}tai<sup>4</sup> Hong<sup>2</sup>kung<sup>1</sup>|y2=Gwoktaai Hòhnghūng |j2=Gwok3taai3 Hong4hung1|p2=Guótài Hángkōng|t3=國泰航空公司|s3=国泰航空公司|altname4=Cathay Pacific|t4=國泰|s4=国泰}}<br />
'''Cathay Pacific Airways Limited''' is the [[flag carrier]] of [[Hong Kong]], with its [[head office]] and main [[airline hub|hub]] located at [[Hong Kong International Airport]]. The airline's operations and subsidiaries have scheduled passenger and cargo services to 180<ref name="Interim Report 2016">{{cite report |author=Cathay Pacific |date=2016 |title=Cathay Pacific Airways Limited – Interim Report 2016 |url=https://www.cathaypacific.com/content/dam/cx/about-us/investor-relations/interim-annual-reports/en/2016_cx_interim_report_en.pdf |page=1 |access-date=23 December 2016 }}</ref> destinations in 44 countries worldwide including [[codeshare agreement|codeshares]] and joint ventures. Cathay Pacific operates a fleet of [[wide-body aircraft]], consisting of [[Airbus A330]], [[Airbus A350]], [[Boeing 747]] and [[Boeing 777]] equipment. Its wholly owned subsidiary, [[Cathay Dragon]], operates to 44 destinations in the Asia-Pacific region from its Hong Kong base. In 2010, Cathay Pacific, together with Dragonair (rebranded Cathay Dragon), carried nearly 27 million passengers and over 1.8&nbsp;million tons of cargo and mail.<br />
<br />
The airline was founded on September 24, 1946 by Australian [[Sydney de Kantzow|Sydney H. de Kantzow]] and American [[Roy Farrell|Roy C. Farrell]], with each man putting up [[HK$]]1 to register the airline. The airline made the world's first [[Non-stop flight|non-stop]] [[Polar route|transpolar]] flight flying over the [[North Pole]] in July 1998, which was also the [[maiden flight]] to arrive at the then new [[Hong Kong International Airport]]. The airline celebrated its 60th anniversary in 2006; and {{as of|2009|10|lc=on}}, its major shareholders are [[Swire Group|Swire Pacific]] and [[Air China]]. It is reciprocally one of the major shareholders of Air China. On November 6, 2017, [[Qatar Airways]] acquired 9.6% shareholding of Cathay Pacific, becoming its 3rd largest shareholder. <ref>{{cite news|url=https://www.bloomberg.com/news/articles/2017-11-05/qatar-airways-agrees-to-buy-662-million-stake-in-cathay-pacific|title=Qatar Airways Buys Cathay Pacific Stake for $662 Million|publisher=[[Bloomberg L.P.|Bloomberg]]|date=6 November 2017|accessdate=6 November 2017}}</ref><br />
<br />
Cathay Pacific is the world's tenth largest airline measured in terms of sales, and fourteenth largest measured in terms of market capitalisation.<ref>{{cite web |url=https://www.forbes.com/global2000/list/#header:marketValue_sortreverse:true_industry:Airline |title=The World’s Biggest Public Companies |author=<!--Staff writer(s); no by-line.--> |date= |website=Forbes |access-date=19 July 2016}}</ref> In 2010, Cathay Pacific became the world's largest international cargo airline, along with main hub Hong Kong International Airport as the world's busiest airport in terms of cargo traffic.<ref>{{cite news|url=http://www.businessweek.com/news/2011-01-26/cathay-pacific-hong-kong-airport-become-biggest-for-freight.html|title=Cathay Pacific, Hong Kong Airport Become Biggest for Freight|publisher=[[Businessweek]]|date=26 January 2011|accessdate=22 February 2013|first=Neil|last=Denslow|archiveurl=https://web.archive.org/web/20110417033044/http://www.businessweek.com/news/2011-01-26/cathay-pacific-hong-kong-airport-become-biggest-for-freight.html|archivedate=17 April 2011}}</ref><br />
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It is one of the founding members of the [[Oneworld]] [[airline alliance|alliance]]. Cathay Pacific's subsidiary [[Cathay Dragon]] is an affiliate member of Oneworld.<br />
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Cathay Pacific is an award-winning and globally reputed airline, winning the "World's Best Airline" award four times and consistently ranking as among the best airlines in the world.<ref>{{cite web|title=Cathay Pacific – World's Best Airline 2014|url=https://www.cathaypacific.com/cx/en_HK/skytrax2014.html}}</ref><ref>{{cite news|title=Cathay Pacific still ranks among world’s top five best airlines|url=http://www.scmp.com/news/hong-kong/economy/article/2099344/cathay-pacific-still-among-top-five-best-airlines-world-other|work=South China Morning Post|language=en}}</ref><br />
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<br />
==History==<br />
<br />
===1940s and 1950s: The early years===<br />
[[File:Cathay Pacific VR-HDB 1.jpg|thumb|left|''Betsy'', a DC-3, Cathay Pacific's first aircraft, in [[Hong Kong Science Museum]].]]<br />
[[File:CPANikki.jpg|thumb|upright|right|''Niki'', a DC-3 painted to imitate the appearance of the carrier's second aircraft, outside Cathay City|alt=Cathay Pacific DC-3 ''Niki'']]<br />
Cathay Pacific was founded as "Roy Farrell Export-Import Co., Ltd" ({{zh|澳華出入口公司}}) in Shanghai in January 1946 by Australian [[Sydney de Kantzow]] and American [[Roy Farrell]].<ref name=hist>{{cite web|url=https://www.cathaypacific.com/cx/en_HK/about-us/about-our-airline/history.html|title=History – Those Were the Days|publisher=Cathay Pacific|accessdate=23 December 2016}}</ref> Both men were ex-air force pilots who had flown [[the Hump]], a route over the [[Himalaya]]n mountains.<ref name=hump>{{cite web|title=Cathay Pacific Limited|url=http://www.fundinguniverse.com/company-histories/cathay-pacific-airways-limited-history/|work=International Directory of Company Histories, Vol. 34|publisher=St. James Press (2000)|accessdate=23 December 2016}}</ref> Farrell purchased the airline's first aircraft, a [[Douglas DC-3]], nicknamed ''Betsy'', in New York on 6 October 1945. The company began freight services in January 1946 with two DC-3s between [[Australia]] and [[China]] (its first commercial flight was a shipment of clothes from [[Sydney]] to [[Shanghai]]), but the profitable business soon attracted attention from [[Republic of China]] government officials. After several instances where the company's planes were detained by authorities in Shanghai, on 11 May 1946 the company relocated, flying its two planes to [[Hong Kong]].<br />
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Farrell and de Kantzow re-registered their business in Hong Kong on September 24, 1946 as "Cathay Pacific".<ref name=hist/> Each man put up [[HK$]]1 to register the airline.<ref name=HKD1>{{cite web|title=Airline Profile – Cathay Pacific|url=http://www.flightglobal.com/landingpage/cathay%20pacific.html|archiveurl=https://web.archive.org/web/20100118132323/http://www.flightglobal.com/landingpage/cathay%20pacific.html|archivedate=18 January 2010|work=Flight International |publisher=Reed Business Information|accessdate=23 December 2016}}</ref> They named it ''[[Cathay]]'', the ancient name given to [[names of China|China]], and ''Pacific'' because Farrell speculated that they would one day fly across the [[Pacific Ocean|Pacific]] (which happened in the 1970s). The Chinese name for the company ("國泰") was not settled on until the 1950s. It comes from a Chinese idiom meaning "grand and peaceful state", and was at the time often used by other businesses called "Cathay" in English.<ref name=name>{{cite web|url=http://www.airhighways.com/cathay_pacific.htm|title=Cathay Pacific sees opportunity in Shenzhen|publisher=, Air Highways|accessdate=8 March 2006}}</ref><br />
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According to legend, the airline's unique name was conceived by Farrell and some foreign correspondents at the bar of the [[Manila Hotel]].<ref name=hist/> On Cathay Pacific's maiden voyage, Farrell and de Kantzow flew from Hong Kong to [[Manila]], and later on to Shanghai. The airline initially flew routes between Hong Kong, Sydney, Manila, Singapore, Shanghai, and [[Guangzhou|Canton]], while scheduled service was limited to [[Bangkok]], Manila, and Singapore only.<ref name=hist/> The airline grew quickly. By 1947, it had added another three DC-3s and a [[Canadian Vickers|Vickers]] [[Consolidated PBY Catalina|Catalina]] seaplane to its fleet.<br />
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In 1948 Butterfield & Swire (now known as [[Swire Group]]) bought 45% of Cathay Pacific, with [[Australian National Airways]] taking 35% and Farrell and de Kantzow taking 10% each.<ref name=HKD1/> The new company began operations on 1 July 1948 and was registered as Cathay Pacific (1948) Ltd on 18 October 1948.<ref name="FI">{{cite news|title= Directory: World Airlines|work=[[Flight International]]|page=62|date=3 April 2007}}</ref> Swire later acquired 52% of Cathay Pacific and today the airline is still 45% owned by the Swire Group through Swire Pacific Limited.<ref name=Swire>{{cite web|title=Fact Sheet – Major Shareholders|url=https://www.cathaypacific.com/cx/en_HK/about-us/press-room/fact-sheet.html|publisher=Cathay Pacific|accessdate=23 December 2016}}</ref><br />
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In the late 1940s, the Hong Kong government divided the local aviation market between Cathay Pacific and its only local competitor, the [[Jardine Matheson]]-owned [[Hong Kong Airways]]: Cathay Pacific was allocated routes to the south (including South-East Asia and Australia), while Hong Kong Airways was allocated routes to the north (including mainland China, Korea and Japan). The situation changed with the establishment of the [[People's Republic of China]] and the [[Korean War]], which reduced the viability of the northern routes. In 1959, Cathay Pacific acquired Hong Kong Airways, and became the dominant airline in Hong Kong.<br />
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===1960s, 1970s, and 1980s: Expansion===<br />
[[File:Convair 880-22M VR-HGG Cathay MIA 04.10.75 (2).jpg|thumb|right|Cathay Pacific [[Convair 880]] as operated from 1964 until 1974]]<br />
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The airline prospered in the late 1950s and into the 1960s, helped by buying its archrival, [[Hong Kong Airways]], on 1 July 1959.<ref name=HKA>{{cite book|title=Beyond Lion Rock|last=Young|first=Gavin|authorlink=Gavin Young|year=1988|publisher=Hutchinson|isbn=978-0-09-173724-5|page=117}}</ref> Between 1962 and 1967, the airline recorded double digit growth on average every year and became the world's first airline to operate international services to [[Fukuoka]], [[Nagoya]] and [[Osaka]] in Japan.<ref name=hist/> In 1964, it carried its one millionth passenger<ref name=Horizon>{{cite web|url=https://www.cathaypacific.com/cx/en_HK/about-us/about-our-airline/history.html|title=History – New Horizons|publisher=Cathay Pacific|accessdate=23 December 2016}}</ref> and acquired its first jet engine aircraft, the [[Convair 880]].<ref name=hump/><br />
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[[File:Cathay Pacific L-1011 at Osaka Airport.jpg|left|thumb|[[Lockheed L-1011|Lockheed L-1011 TriStar]] at [[Osaka International Airport]] in the old livery with the British [[Union Flag]] and the logo of parent company [[Swire]]|alt=Lockheed L-1011 TriStar at Osaka International Airport]]<br />
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In the 1970s, Cathay Pacific installed a computerised reservation system and flight simulators. In 1979, the airline acquired its first [[Boeing 747]] and applied for traffic rights to begin flying to London in 1980, with the first flight on 16 July. Expansion continued into the 1980s, with nonstop service to [[Vancouver]] in 1983, with continuing service on to San Francisco in 1986 when an industry-wide boom encouraged route growth to many European and North American centres.<ref name=Horizon/> <br />
{{clear}}<br />
On 15 May 1986, the airline went public and was listed in the Main Board of [[the Stock Exchange of Hong Kong]].<ref>{{cite web|title=List of listed companies on Main Board|url=https://www.hkex.com.hk/eng/stat/statrpt/factbook2006/e/32.pdf|format=PDF|publisher=[[Hong Kong Exchanges and Clearing]]|page=225|year=2006|accessdate=23 December 2016}}</ref><br />
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===1990s: Rebranding, renewal, and Oneworld===<br />
In January 1990, Cathay Pacific and its parent company, [[Swire Pacific]], acquired a significant shareholding in [[Dragonair]], and a 75% stake in cargo airline [[Air Hong Kong]] in 1994.<ref>{{cite web|title=History – Year 1990|url=https://www.dragonair.com/ka/en_HK/about-us/about-our-airline/history-and-milestones.html|publisher=Dragonair|accessdate=23 December 2016}}</ref><ref>{{cite web|title=History – Air Hong Kong|url=http://www.airhongkong.com.hk/ahk/en/F300/History/index.jsp|publisher=Air Hong Kong|accessdate=9 July 2009}}</ref> During the early 1990s, the airline launched a program to upgrade its passenger service. The green and white striped livery was replaced with the current "brushwing" livery.<ref name="Changeofimage">{{cite web|title=History – A Change of Image|url=https://www.cathaypacific.com/cx/en_HK/about-us/about-our-airline/history.html|publisher=Cathay Pacific|accessdate=23 December 2016}}</ref> In 1994 the airline invested in a new corporate identity, with a 23 million Hong Kong dollar (RM 7.3&nbsp;million) program to update its image. The fleet was expected to have the new logo within four years.<ref name="Brushwingu">"[https://news.google.com/newspapers?id=25oWAAAAIBAJ&sjid=fBMEAAAAIBAJ&pg=4869,1847197 Cathay Pacific takes to the sky with new logo]." ''[[New Sunday Times]]''/''[[New Straits Times]]''. Thursday 15 September 1994. Page 18. Retrieved from [[Google News]] (10 of 51) on 9 December 2011.</ref><br />
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[[File:Cathay Pacific Boeing 747-400 Spijkers.jpg|thumb|A Cathay Pacific [[Boeing 747-400]] in old livery without the Union Flag taking off from [[Amsterdam Airport Schiphol]] in 1996. This was prior to the [[1997 handover]].]]<br />
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The airline began a US$9&nbsp;billion fleet replacement program during the mid-1990s that gave it one of the youngest fleets in the world.<ref name="Changeofimage"/> In 1996, [[CITIC Pacific]] increased its holdings in Cathay Pacific from 10% to 25%, while the Swire Group holding was reduced to 44% as two other Chinese companies, [[China National Aviation Corporation|CNAC]] and CTS, also bought substantial holdings.<ref name=hump/><br />
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On 1 July 1997, the administration of Hong Kong was transferred from the UK to the People's Republic of China as part of the [[Transfer of sovereignty over Hong Kong|Hong Kong handover]]. Most of the airline's aircraft were registered in Hong Kong with a registration beginning with "VR". Under the terms of an agreement within the [[Sino-British Joint Liaison Group]] (JLG), all registrations were changed by December 1997 to the prefix "B" used by the People's Republic of China and the Republic of China (Taiwan).<ref>{{cite web|url=http://www.yearbook.gov.hk/1997/ch15/e15v.htm|title=Hong Kong&nbsp;– A New Era – Civil Aviation|publisher=[[Government of Hong Kong|Hong Kong SAR Government]]|accessdate=2 July 2009}}</ref> Cathay Pacific aircraft formerly carried a painted UK Union Flag on the tail, but these were removed several years before the 1997 takeover.<ref>{{cite web|url=http://www.airliners.net/photo/Cathay-Pacific-Airways/Boeing-747-267B/0000646/L/|title=Cathay Pacific – Picture of the Boeing 747-267B aircraft at Vancouver|publisher=Airliners.net|accessdate=24 May 2009}}</ref><ref>{{cite web|url=http://www.airliners.net/photo/Cathay-Pacific-Airways/Boeing-747-267B/0815216/L/|publisher=Airliners.net|title=Cathay Pacific – Picture of the Boeing 747-267B aircraft at Hong Kong|accessdate=24 May 2009}}</ref><br />
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On 21 May 1998, Cathay Pacific took the first delivery of the [[Boeing 777-300]] at a ceremony in [[Paine Field|Everett]].<ref>{{cite press release|title=Boeing and Cathay Pacific Airways Celebrate First 777-300 Delivery |url=http://www.boeing.com/news/releases/1998/news_release_980521b.html |publisher=[[Boeing]] |date=21 May 1998 |accessdate=5 September 2009 |deadurl=yes |archiveurl=https://web.archive.org/web/20070807190457/http://www.boeing.com/news/releases/1998/news_release_980521b.html |archivedate=7 August 2007 }}</ref> On 21 September 1998, Cathay Pacific, together with [[American Airlines]], [[British Airways]], [[Canadian Airlines]], and [[Qantas]], co-founded the [[Oneworld]] airline alliance.<ref name=OW>{{cite web|url=https://www.cathaypacific.com/cx/en_HK/about-us/press-room/fact-sheet.html|title=Fact Sheet – oneworld|publisher=Cathay Pacific|accessdate=23 December 2016}}</ref><ref>{{cite news|last1=Brady|first1=Diane|title=Cathay's Alliance Poses Threat To Rivals Among Asian Airlines|url=https://www.wsj.com/articles/SB906412939881935000|accessdate=23 December 2016|work=Wall Street Journal|date=22 September 1998}}</ref> '''Cathay Pacific''' temporarily took over Philippine Airlines's domestic and international operations during its fourteen-day shutdown (from 26 September – 7 October 1998).<ref>{{cite news|url=https://www.nytimes.com/1998/09/26/business/international-briefs-cathay-pacific-to-run-philippine-airlines.html|title=Cathay Pacific to Run Philippine Airlines' |publisher=New York Times |date=26 September 1998 |accessdate=24 April 2013}}</ref> The airline was hurt by the [[Asian financial crisis]] of the late 1990s, but recorded a record [[HK$]]5&nbsp;billion profit in 2000.<ref>{{cite press release|title=Cathay Pacific posts record annual profit for 2000|url=https://www.cathaypacific.com/cx/es_ES/about-us/press-room/press-release/2001/en_HK_pressrelease_41.html|publisher=Cathay Pacific|date=7 March 2001|accessdate=2 July 2009}}</ref><br />
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====New Hong Kong International Airport and transpolar flights====<br />
On Monday, 6 July 1998, at 00:00 [[Time in Hong Kong|HKT]], [[Kai Tak International Airport]] saw its last commercial departure, Cathay Pacific Flight 251 to [[London Heathrow Airport]], after over 73 years of operation. The next day, Cathay Pacific Flight 889 from [[John F. Kennedy International Airport|New York John F. Kennedy International Airport]] piloted by Captain Paul Horsting, was the first arrival to the new Hong Kong International Airport at Chek Lap Kok, Hong Kong. Also on board were Captain Mike Lowes and First Officer Kelvin Ma.<ref>{{cite press release|title=Commemorative certificate for first-day passengers|url=http://www.hongkongairport.com/eng/media/press-releases/ex_128.html|publisher=[[Airport Authority Hong Kong]]|date=5 July 1998|accessdate=5 July 2009}}</ref> This flight was also the world's first [[Non-stop flight|nonstop]] [[Polar route|transpolar]] flight from New York to Hong Kong. The flight, dubbed ''Polar One'', takes about 16 hours between Hong Kong and New York Kennedy, saving about three to four hours compared to the one stop flight via [[Vancouver]]. It is Cathay Pacific's longest nonstop flight, and one of the longest in the world at {{convert|8055|mi|km|abbr=on}}.<ref name=PolarOne>{{cite press release|title=Cathay Pacific's non-stop New York flight 'strengthens Hong Kong's hub'|url=https://www.cathaypacific.com/cx/es_ES/about-us/press-room/press-release/2004/en_HK_pressrelease_125.html|publisher=Cathay Pacific|date=11 June 2004|accessdate=23 December 2016}}</ref><br />
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===2000s: Industrial troubles and acquisitions===<br />
[[File:Cathay.pacific.a340-600.b-hqb.arp.jpg|thumb|Cathay Pacific operated three A340-600 from 2002 to 2008]]<br />
The 2000s saw Cathay Pacific experience labour relations issues, while completing the acquisition of Dragonair.<br />
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On 28 November 2002, the airline took delivery of its first [[Airbus A340-600]] aircraft at a ceremony at the [[Airbus]] factory in [[Toulouse]]. Cathay Pacific was the launch customer in Asia for the A340-600 and the aircraft was the first of three leased from [[International Lease Finance Corporation]] (ILFC).<ref name=A346>{{cite press release|title=Hon Antony Leung tours 1st Cathay Pacific Airbus A340-600|url=https://www.cathaypacific.com/cx/es_ES/about-us/press-room/press-release/2002/en_HK_pressrelease_91.html|publisher=Cathay Pacific|date=28 November 2002|accessdate=23 December 2016}}</ref> On 1 December 2005, Cathay Pacific ordered 16 [[777-300ER|Boeing 777-300ER]] aircraft, four on lease from ILFC, to be delivered between September 2007 and July 2010, plus [[Option (aircraft purchasing)|options]] on 20 more of the type, two of which were converted to orders on 1 June 2006. The airline also ordered 3 more A330-300 on the same day, with the delivery of the aircraft scheduled for 2008.<ref>{{cite press release|title=Boeing Statement on Cathay Pacific Airways 777-300ER Selection |url=http://www.boeing.com/news/releases/ews/2005/051201g.html |date=1 December 2005 |publisher=[[Boeing]] |accessdate=4 July 2009 |deadurl=yes |archiveurl=https://web.archive.org/web/20081014012502/http://www.boeing.com/news/releases/ews/2005/051201g.html |archivedate=14 October 2008 }}</ref><ref>{{cite press release|title=Boeing, Cathay Pacific Airways Finalize Agreement for Additional 777-300ERs |url=http://www.boeing.com/news/releases/2006/q2/060601c_nr.html |date=1 June 2006 |publisher=[[Boeing]] |accessdate=4 July 2009 |deadurl=yes |archiveurl=https://web.archive.org/web/20071023025233/http://boeing.com/news/releases/2006/q2/060601c_nr.html |archivedate=23 October 2007 }}</ref><ref>{{cite press release|title=Cathay Pacific Places Biggest Ever Order For New Aircraft|url=https://www.cathaypacific.com/cx/es_ES/about-us/press-room/press-release/2005/en_HK_pressrelease_116.html|publisher=Cathay Pacific|date=1 December 2005|accessdate=23 December 2016}}</ref> On 7 August 2007, Cathay Pacific ordered five more wide-body Boeing 777-300ER aircraft for a total price of about US$1.4&nbsp;billion, increasing its commitment to a total of 23 of the aircraft type.<ref>{{cite press release|title=Cathay Pacific Airways Orders Five Additional Boeing 777-300ERs |url=http://www.boeing.com/news/releases/2007/q3/070807a_nr.html |publisher=[[Boeing]] |date=7 August 2007 |accessdate=4 July 2009 |deadurl=yes |archiveurl=https://web.archive.org/web/20081014224402/http://www.boeing.com/news/releases/2007/q3/070807a_nr.html |archivedate=14 October 2008 }}</ref><br />
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====The 49ers – employment dispute====<br />
In 2001, the Hong Kong Aircrew Officers Association (HKAOA) launched a "work to rule" campaign to further its campaign for pay improvements and changes to roster scheduling practices. The action involved pilots refusing to work flights that were not scheduled on their roster. Although this alone did not cause extensive disruption, rostered pilots began to call in sick for their flights. Combined with the work to rule campaign, the airline was unable to cover all of its scheduled flights, and cancellations resulted. Cathay Pacific steadfastly refused to negotiate with the HKAOA under threat of industrial action.<ref>{{cite news|title=Pilots' work-to-rule causing delays at Cathay Pacific|url=https://www.thefreelibrary.com/Pilots'+work-to-rule+causing+delays+at+Cathay+Pacific.-a076664432|publisher=Kyodo News International, Inc.|date=4 July 2001|accessdate=23 December 2016}}</ref><br />
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[[File:CX333 TPE.JPG|thumb|[[Airbus A330-300]] at [[Taiwan Taoyuan International Airport]]|left|alt=A Cathay Pacific Airbus A330-300 at [[Chennai International Airport]]]]<br />
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On 9 July 2001, reportedly following a comprehensive review of the employment histories of all its pilots, the company fired 49 of its 1,500 pilots. This group became known colloquially as "the 49ers". Nearly half of the fired pilots were captains, representing five percent of the total pilot group. Of the 21 officers of the HKAOA, nine were fired, including four of the seven union negotiators.<ref name=Hopkins>{{cite web|last=Hopkins|first=George E.|title=Cathay Pacific Pilots on the Brink|url=http://www.cathaypilotsunion.org/generaldocs/USalpaarticle02.pdf|format=PDF|date=May–June 2002|publisher=Air Line Pilot|page=20|accessdate=4 July 2009}}</ref><br />
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Then-HKAOA president Captain Nigel Demery took the view that "the firing was pure intimidation, a union-bust straight up, designed to be random enough to put the fear in all pilots that they might be next, no reason given".<ref name=Hopkins/> The dismissals were challenged in a number of legal proceedings, but none were reinstated. The airline later offered the 49 pilots it terminated in 2001 the chance to reapply for pilot positions with its cargo division, guaranteeing such applicants first interviews, subject to passing psychometric testing. Nineteen former employees applied and twelve were offered jobs.<br />
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On 11 November 2009, 18 of the 49ers succeeded in the Hong Kong Court of First Instance concerning their joint claims for breach of contract, breach of the Employment Ordinance, and defamation.<br />
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Judge Anselmo Reyes ruled that the airline had contravened the Employment Ordinance by dismissing the pilots without a valid reason, adding that they had been sacked primarily because of union activities. He also held that remarks by then chief operating officer Philip Chen Nanlok and current chief executive Tony Tyler after the sackings were defamatory. The judge handed the pilots a victory in their long-running legal battle, with individual awards of HK$3.3&nbsp;million for defamation together with a month's pay and HK$150,000 for the sackings.<br />
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On 24 December 2010, judges Frank Stock, Susan Kwan, and Johnson Lam of the Court of Appeal overturned the judgment of the lower court to the extent that the claim for wrongful termination of contract was dismissed. The finding that Cathay Pacific wrongly sacked the 18 pilots for their union activities was upheld. The court upheld the defamation claim, but reduced the damages for the defamatory comments made by Cathay Pacific management. The judges also modified the judgment awarding payment of legal costs to the pilots and instead said that they should now pay some of Cathay's costs.<ref>http://www.cathaypilotsunion.org/proceedings/CACV000268_2009.pdf</ref><br />
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The leader of the 49er Plaintiffs, Captain John Warham, launched a book titled "The 49ers – The True Story" on 25 March 2011.<ref>{{cite web|url=https://www.amazon.co.uk/49ers-True-Story-John-Warham/dp/1846245877/ref=cm_cr_pr_pb_t |title=The 49ers – The True Story: Amazon.co.uk: John Warham: Books |publisher=Amazon.co.uk |accessdate=2012-06-26}}</ref><br />
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The pilots were awarded leave on 26 October 2011 to take their case to the Court of Final Appeal. The matter was heard before Hon. Mr. Justices Bokhary, Chan, & Ribeiro who are all Permanent Judges of the Court of Final Appeal. The matters to be decided upon by the Court will concern wrongful termination of contract and the level of damages for defamation. The case was heard by the Court of Final Appeal on 27 August 2012.<br />
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On 26 September 2012, 11 years after they were sacked, the 49ers were finally judged<ref>{{cite web|last=Hong Kong Legal Reference System|title=FACV No. 13 of 2011|url=http://legalref.judiciary.gov.hk/lrs/common/ju/ju_frame.jsp?DIS=83622&currpage=T|page=35|date=26 September 2012}}</ref> to have won the 3 prime issues of their legal case: breach of contract, breach of the Employment Ordinance, and defamation. The Court of Final Appeal agreed with the Court of Appeal's methodology for reducing the defamation damages. However, it reinstated one month's salary for each of the 49ers.<br />
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Regarding breach of contract,<ref>{{cite journal|first=Jennifer|last=van Dale|first2=Rashi|last2=Narayan|title=Court of Final Appeal Issues Important Judgment about Annual Leave|journal=American Bar Association, International Labor & Employment Law Committee Newsletter|date=October 2012|url=http://www.americanbar.org/newsletter/groups/labor_law/int_newsletter/ilel_news20121/oct2012/1210_ilelc_hk.html|editor1-first=Tim|editor1-last=Darby|publisher=Baker & McKenzie, Hong Kong}}</ref> the overall picture leading to dismissal and events immediately after will be analysed by the courts, not just the dismissal letter. Regarding the Employment Ordinance, an important aspect was that the judgment defined the scope of "union activities" and its protection for workers in Hong Kong. The Court concluded: "Accordingly, most (possibly all) union-sponsored action is potentially protected by s 21B(1)(b), but if the action is not carried out “at [an] appropriate time”, it is excluded from the provision." There was no challenge by Cathay Pacific to the Court of Appeal’s decision to uphold the {original} Judge’s conclusion that the statements made by Cathay Executives were defamatory of the plaintiffs.<br />
<br />
John Warham, referring to the effect the fight has had on pilots' families, said: "In terms of human life, three people are dead because of what Cathay Pacific did to us. That's on their conscience, I hope they can live with that."<ref>{{cite news|last=Benitez|first=Mary Ann|title=Twin legal blows for Cathay spell joy for workers|url=http://cathaypilotsunion.org/inthenews/COFATS27Sep12.pdf|newspaper=The Standard|date=27 September 2012}}</ref><br />
<br />
====Acquisition and downsizing of Dragonair====<br />
On September 28,2006, the airline underwent a shareholding realignment under which Dragonair became a wholly owned subsidiary but continued to operate under its own brand. Acquiring Dragonair meant gaining more access to the restricted, yet rapidly growing, Mainland China market and more opportunities for sharing of resources. [[China National Aviation Holding|CNAC]], and its subsidiary, Air China, acquired a 17.5 percent stake in Cathay Pacific, and the airline doubled its shareholding in Air China to 17.5 percent. [[CITIC Pacific]] reduced its shareholding to 17.5 percent and [[Swire Group]] reduced its shareholding to 40 percent.<ref>{{cite web|title=Fact Sheet – Major Subsidiaries and Associates|url=https://www.cathaypacific.com/cx/en_HK/about-us/press-room/fact-sheet.html|publisher=Cathay Pacific|accessdate=23 December 2016}}</ref><ref>{{cite web|title=History – Into the New Millennium|url=https://www.cathaypacific.com/cx/en_HK/about-us/about-our-airline/history.html|publisher=Cathay Pacific|accessdate=23 December 2016}}</ref><ref name=KAmerge>{{cite web|title=Cathay, Air China Deal Enables Dragonair Purchase|url=http://www.businesstravelnews.com/Business-Globalization/Cathay-Air-China-Deal-Enables-Dragonair-Purchase|date=17 July 2006|publisher=Business Travel News|accessdate=23 December 2016}}</ref><br />
<br />
[[File:Dragon Air A320-200.JPG|thumb|left|A Dragonair Airbus A320-200|alt=Twinjet side view on tarmac]]<br />
Dragonair had originally planned significant international expansion. It was already operating services to [[Bangkok]] and Tokyo, and was to have a dedicated cargo fleet of nine [[Boeing 747-400]]BCF aircraft by 2009 operating to New York, Los Angeles, Chicago, San Francisco and [[Columbus, Ohio|Columbus]].<ref>{{cite press release|url=http://www.dragonair.com/da/en_INTL/aboutus/pressroomdetails?refID=66cc5b81f2510110VgnVCM22000022d21c39____|archiveurl=https://web.archive.org/web/20110909163324/http://www.dragonair.com/da/en_INTL/aboutus/pressroomdetails?refID=66cc5b81f2510110VgnVCM22000022d21c39____|archivedate=9 September 2011|title=Dragonair to more than double size of cargo fleet by end-2008|publisher=Dragonair|date=6 May 2004|accessdate=23 December 2016}}</ref> It had also acquired three [[Airbus A330-300]] aircraft to commence services to Sydney and [[Seoul]].<ref>{{cite news|url=http://www.travelweekly.com.au/articles/14/0c01f914.asp |title=Dragonair gets green light for Sydney/Hong Kong services |publisher=[[Reed Business Information]] |work=Travel Weekly |date=19 April 2004 |accessdate=4 July 2009 |deadurl=yes |archiveurl=https://web.archive.org/web/20081228003018/http://www.travelweekly.com.au/articles/14/0c01f914.asp |archivedate=28 December 2008 }}</ref><br />
<br />
Following the acquisition by Cathay Pacific, Dragonair's proposed expansion plans underwent a comprehensive route compatibility analysis with the Cathay network, in an effort to reduce duplication. Dragonair services to Bangkok and Tokyo were terminated, and new services launched to Sendai, Phuket, Manila and Kathmandu. With the merging of similar departments at the two previously separate airlines, some Dragonair staff have had their employment contracts transferred to Cathay Pacific, with the exception of Dragonair Pilots and Cabin Crew and others made redundant due to the efficiencies gained in the merger. This has resulted in an approximately 37 percent decrease in the number of staff contractually employed by Dragonair.{{citation needed|date=December 2016}}<br />
<br />
There has been speculation that Dragonair will cease as a brand and be fully absorbed into Cathay Pacific.<ref name=KAmerge/><br />
<br />
In January 2016, Cathay Pacific announced it was rebranding Dragonair as Cathay Dragon.<ref>{{cite press release |author=<!--Staff writer(s); no by-line.--> |title=Cathay Pacific group enters new era with rebranding of Dragonair as Cathay Dragon |url=https://www.dragonair.com/ka/en_HK/about-us/media-centre/press-release/2016/Cathay-Pacific-group-enters-new-era-with-rebranding-of-Dragonair-as-Cathay-Dragon.html |publisher=Cathay Pacific Group |date=28 January 2016 |access-date=23 December 2016}}</ref><br />
<br />
====Economic challenges====<br />
[[File:Cathay Pacific Boeing 777-300ER (B-KQC) arrives London Heathrow 7Jun2015 arp.jpg|thumb|Cathay Pacific [[Boeing 777-300ER]] arrives [[London Heathrow Airport]] (2015)]]<br />
To celebrate the airline's 60th anniversary in 2006, a year of road shows named the "Cathay Pacific 60th Anniversary Skyshow" was held where the public could see the developments of the airline, play games, meet some of the airline staff, and view vintage uniforms. Cathay Pacific also introduced anniversary merchandise and [[airline meal|in-flight meals]] served by restaurants in Hong Kong in collaboration with the celebrations.<ref>{{cite press release|title=Cathay Pacific takes 60th Anniversary Skyshow on the road|url=https://www.cathaypacific.com/cx/es_ES/about-us/press-room/press-release/2006/en_HK_pressrelease_79.html|publisher=Cathay Pacific|date=20 May 2006|accessdate=23 December 2016}}</ref><br />
<br />
In June 2008, Cathay Pacific entered into a [[plea bargain]] with the [[United States Department of Justice]] in respect of antitrust investigations over air cargo price fixing agreements. It was fined US$60&nbsp;million. The airline has subsequently set up an internal Competition Compliance Office, reporting to chief operating officer John Slosar, to ensure that the Group complies with all relevant competition and antitrust laws in the jurisdiction in which it operates. The breaches for which Cathay Pacific Cargo were being investigated in the US were not illegal under Hong Kong competition law.<ref>{{cite press release|title=Major International Airlines Agree to Plead Guilty and Pay Criminal Fines Totaling More Than $500&nbsp;Million for Fixing Prices on Air Cargo Rates|url=http://www.usdoj.gov/opa/pr/2008/June/08-at-570.html|publisher=[[United States Department of Justice]]|date=26 June 2008|accessdate=4 July 2009}}</ref><ref>{{cite press release|title=Announcement Plea Agreement with United States Department of Justice|url=http://downloads.cathaypacific.com/cx/investor/20080626CX_Announcement%28B%29_en.pdf|format=PDF|publisher=Cathay Pacific|date=26 June 2008|accessdate=4 September 2009}}</ref><br />
<br />
In September 2008, three of Cathay Pacific's top ten global accounts, Lehmann Brothers, AIG and Merrill Lynch, hit financial trouble.<ref>{{cite web|title=Chairman speaks on Overcoming Adversity at Aerospace Forum Asia luncheon (Jun 10, 2009)|url=https://www.cathaypacific.com/cx/en_DK/about-us/press-room/press-release/2009/en_HK_pressrelease_19.html|publisher=Cathay Pacifc|accessdate=22 December 2016}}</ref><br />
<br />
[[File:Cathay Pacific, Boeing 747-400, SIN.jpg|thumb|left|Cathay Pacific Boeing 747-400 at [[Singapore Changi Airport]]]]<br />
<br />
In March 2009, the airline reported a record full-year loss of [[HK$]]8.56&nbsp;billion for 2008, which was also the carrier's first since the [[1997 Asian Financial Crisis]]. The record loss included fuel-hedging losses of HK$7.6&nbsp;billion and a HK$468&nbsp;million charge for a price-fixing fine in the US It had to scrap its final dividend. The hedging losses were a result of locking in fuel prices at higher than prevailing market price. As of the end of 2008, Cathay Pacific has hedged about half of its fuel needs until the end of 2011. The airline at the time estimated that it would face no further cash costs from the hedges if the average market price stood at US$75, enabling it recoup provisions it made in 2008.<ref name=2008loss>{{cite news|last=Leung|first=Wendy|title=Cathay Pacific to delay planes, review routes on loss|url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aCGfshxczTzM|archiveurl=https://web.archive.org/web/20121025150125/http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aCGfshxczTzM|archivedate=25 October 2012|publisher=[[Bloomberg L.P.]]|date=11 March 2009|accessdate=23 December 2016}}</ref><br />
<br />
The flattening out of fuel prices resulted in Cathay Pacific recording a paper fuel hedging gain for its half-year reports for 2009. However, as a result of the global economic situation, the Group reported an operating loss. Given the current economic climate, and in line with the steps being taken by other major airlines around the world, the airline has undertaken a comprehensive review of all its routes and operations. This has resulted in frequencies being reduced to certain destinations, ad hoc cancellations on other routes, deferred capital expenditure, parked aircraft and introduced a Special Leave Scheme for staff to conserve money.<ref>{{cite news|last=Chan|first=Sue Ling|title=Cathay, Singapore Face Tough Decisions|url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aVooYceFNyjc|archiveurl=https://web.archive.org/web/20121025150135/http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aVooYceFNyjc|archivedate=25 October 2012|publisher=Bloomberg L. P.|date=15 April 2009|accessdate=23 December 2016}}</ref> According to CEO Tony Tyler, the yield from passengers was "hugely down" and the airline had lost "a lot of premium traffic". He noted that it could take 20 passengers in [[Economy class|economy]] to make up for the lost revenue of one fewer [[First class (aviation)|first class]] passenger flying to New York from Hong Kong.<ref>{{cite news|last=Akkermans|first=Joost|last2=Leung|first2=Wendy|title=Cathay Pacific's Tyler doesn't expect recovery soon|url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aX0f0iiNtAJs|archiveurl=https://web.archive.org/web/20121025150255/http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aX0f0iiNtAJs|archivedate=25 October 2012|publisher=Bloomberg L. P.|date=17 March 2009|accessdate=23 December 2016}}</ref><br />
<br />
===2010s: Current developments===<br />
In 2010, the airline set another record high profit, amounting to [[HK$]]14.05&nbsp;billion despite record losses set in the same decade. At the same time, Cathay Pacific had taken delivery of several new aircraft types, including the Airbus A330-300 and Boeing 777-300 ER.<ref>{{cite news |last=Chiu |first=Joanne |date=9 March 2011 |title=Cathay Pacific Net Nearly Triples |url=https://www.wsj.com/articles/SB10001424052748703560404576189500166075350 |newspaper=The Wall Street Journal |access-date=23 December 2016 }}</ref> Tony Tyler left his position as CEO at the airline on 31 March 2010 to pursue his new job at the IATA. Chief operating officer John Slosar had succeeded as the new CEO.<ref>{{cite press release|url=https://www.cathaypacific.com/cx/en_VN/about-us/press-room/press-release/2010/cathay-pacific-announces-senior-management-changes.html |title=Cathay Pacific announces senior management changes |publisher=Cathay Pacific |date=3 December 2010 |accessdate=23 December 2016}}</ref> In addition, New Zealand's Commerce Commission had dropped charges against Cathay Pacific concerning the air cargo price fixing agreements.<ref name="Stuff.co.nz_4934746">{{cite web |url=http://www.stuff.co.nz/business/4934746/Commission-drops-some-airline-charges |title=Commission drops some airline charges |author=Rutherford, Hamish |date=28 April 2011 |work=Stuff |location=New Zealand |accessdate=23 September 2011}}</ref> In 2014, the airline underwent the largest network expansion in recent years which included the addition of links to [[Manchester]], Zurich and [[Boston]].<br />
<br />
On 8 October 2016, Cathay Pacific retired their last passenger [[Boeing 747]], a 747-400, with a farewell scenic flight around Hong Kong after over 35 years of service of the type. Cathay operated the 747 since August 1979, when it was inaugurated on services to [[Australia]].<ref>{{cite web|last1=Liu|first1=Jim|title=Flashback – Cathay Pacific Summer 1979 Boeing 747 operations|url=http://www.routesonline.com/news/38/airlineroute/269250/flashback-Cathay-pacific-summer-1979-Boeing-747-operations/|website=Routes Online|accessdate=23 December 2016|date=7 October 2016}}</ref><br />
<br />
During the first half of 2016, Cathay Pacific's passenger yields fell 10 per cent, to the lowest in seven years as competing airlines from Mainland China increased direct service to the U.S. and Europe, hurting the company's revenue from its Hong Kong hub.<ref>{{cite news|title=Cathay Pacific says big slump in number of premium travelers from Hong Kong|url=http://www.thenational.ae/business/aviation/cathay-pacific-says-big-slump-in-number-of-premium-travelers-from-hong-Kong|accessdate=1 January 2017|work=The National|agency=Bloomberg|date=Aug 18, 2016}}</ref> In October, Cathay Pacific scrapped its profit forecast for the second half of the year, less than two months after its issuance.<ref name=SCMP>{{cite news|last1=Ng|first1=Eric|title=Cathay Pacific lowers second-half profit forecast as overcapacity, competition take a toll|url=http://www.scmp.com/business/companies/article/2027471/cathay-pacific-lowers-second-half-profit-forecast-overcapacity|accessdate=1 January 2017|work=The South China Morning Post|date=October 12, 2016}}</ref><br />
<br />
From September 15, 2016, Cathay Pacific decided to reintroduce fuel surcharge on many flights after its half-year net profits dropped over 80% and it suffered HK$4.5&nbsp;billion loss from wrong bets on fuel prices.<ref name=SCMP050916/> As of September 2016, Oil prices were halved from 2014 and stayed below US$50 a barrel.<ref name=SCMP050916>{{cite news|last1=Sun|first1=Nikki|title=HK$109 surcharge for Cathay and Dragonair passengers flying into Hong Kong after wrong-way bet on oil prices|url=http://www.scmp.com/news/hong-kong/economy/article/2015171/wrong-bet-oil-prices-leads-hk109-surcharge-cathay-and|accessdate=1 March 2017|work=The South China Morning Post|date=Sep 5, 2016}}</ref><br />
<br />
==Corporate affairs and identity==<br />
[[File:Cathay City.JPG|thumb|[[Cathay City]], the head office at [[Hong Kong International Airport]]|alt=Cathay City]]<br />
Cathay Pacific's head office, [[Cathay Pacific City]], is located at [[Hong Kong International Airport]].<ref name="HQReg">{{cite web|url=https://www.cathaypacific.com/cx/en_HK/about-us/contact-us/worldwide-offices/worldwide-office-details.HK.html|title=Hong Kong|publisher=Cathay Pacific|accessdate=23 December 2016}} "Address Head Office: Cathay Pacific City, 8 Scenic Road, Hong Kong International Airport, Lantau, Hong Kong"</ref> Cathay Pacific City was scheduled to be built in increments between April and September 1998.<ref>Walker, Karen. "[http://www.flightglobal.com/news/articles/hangover-cure-30101/ Hangover cure]." ''[[Airline Business]]'' at ''[[Flight International]]''. 1 December 1997. Retrieved 7 November 2011.</ref> The headquarters opened in 1998.<ref>{{cite press release|title=Cathay Pacific wins award for providing a smoke-free workplace at its Hong Kong Headquarters|publisher=Cathay Pacific|url=https://www.cathaypacific.com/cx/es_ES/about-us/press-room/press-release/2005/en_HK_pressrelease_106.html|date=6 January 2005|accessdate=23 December 2016}}</ref> Previously the airline's headquarters were at the [[Swire House]], which was a complex in [[Central, Hong Kong|Central]] named after the airline's parent company.<ref>{{cite web|title=World Airline Directory|work=[[Flight International]]|date=30 March 1985|url=http://www.flightglobal.com/pdfarchive/view/1985/1985%20-%200928.html|page=68|format=PDF|accessdate=17 June 2009}} "Head Office: Swire House, 9 Connaught Road, C, Hong Kong"</ref><br />
<br />
===Subsidiaries and associates===<br />
Cathay Pacific has diversified into related industries and sectors, including [[Aircraft ground handling|ground handling]], aviation engineering, inflight catering.<ref>{{cite web|title=Aviation Hong Kong|url=http://www.swirepacific.com/eng/about/aviation.htm|publisher=[[Swire Pacific]]|accessdate=3 April 2010 |archiveurl = https://web.archive.org/web/20080625084821/http://www.swirepacific.com/eng/about/aviation.htm |archivedate = 25 June 2008}}</ref><br />
<br />
Companies with major Cathay Pacific Group stake include:{{Clear}}<br />
<center><br />
{|class="wikitable sortable" style="font-size:98%;"<br />
|-<br />
!Company||Type||Principal activities||Incorporated in||Group's Equity Shareholding<br />
|-<br />
|[[Air China]]||Corporate||Airline||China||20.13%<ref name="cx16" /><br />
|-<br />
|[[Air China Cargo]]||Joint Venture||[[Cargo airline]]||China||<ref name="cx16" /><br />
|-<br />
|[[Air Hong Kong|AHK Air Hong Kong Limited]]||Subsidiary||[[Cargo airline]]||Hong Kong||60%<ref name="cx16" /><br />
|-<br />
|Airline Property Limited||Subsidiary||Property Investment||Hong Kong||100%<ref name="cx16" /><br />
|-<br />
|Airline Store Property Limited||Subsidiary||Property Investment||Hong Kong||100%<ref name="cx16" /><br />
|-<br />
|Asia Training Property Limited||Subsidiary||Property Investmenbt||Hong Kong||100%<ref name="cx16" /><br />
|-<br />
|Asia Miles Limited||Subsidiary||Travel Reward||Hong Kong||100%<ref name="cx16" /><br />
|-<br />
|Cathay Holidays Limited||Subsidiary||Tour Operator||Hong Kong||100%<ref name="cx16" /><br />
|-<br />
|Cathay Pacific Aero Limited||Subsidiary||Financial Services||Hong Kong||100%<ref name="cx16" /><br />
|-<br />
|Cathay Pacific Aircraft Lease Finance Limited||Subsidiary||Aircraft Leasing||Hong Kong||100%<ref name="cx16" /><br />
|-<br />
|Cathay Pacific Aircraft Services Limited||Subsidiary||Aircraft Acquisition||Isle of Man||100%<ref name="cx16" /><br />
|-<br />
|Cathay Pacific Catering Services (HK) Limited||Subsidiary||Catering services||Hong Kong||100%<ref name="cx16" /><br />
|-<br />
|Cathay Pacific MTN Financing Limited||Subsidiary||Financial services||Cayman Islands||100%<ref name="cx16" /><br />
|-<br />
|Cathay Pacific Services Limited||Subsidiary||Cargo||Hong Kong||100%<ref name="cx16" /><br />
|-<br />
|Dell Fresh Limited||Subsidiary||Catering||Hong Kong||100%<ref name="cx16" /><br />
|-<br />
|Global Logisticcs System HK Company Limited||-||Air Cargo Computing||Hong Kong||95%<ref name="cx16" /><br />
|-<br />
|Guangzhou Guo Tai Information Processing Company Limited||Subsidiary||Information processing||China||100%<ref name="cx16" /><br />
|-<br />
|-<br />
|Hong Kong Airport Services Limited||Subsidiary||[[Ground handling]]||Hong Kong||100%<ref name="cx16" /><br />
|-<br />
|-<br />
|Hong Kong Aviation and Airport Services Limited||Subsidiary||Propert Investment||Hong Kong||100%<ref name="cx16" /><br />
|-<br />
|[[Cathay Dragon|Hong Kong Dragon Airways]]||Subsidiary||Airline||Hong Kong||100%<ref name="cx16">{{cite web|url=https://www.cathaypacific.com/content/dam/cx/about-us/investor-relations/interim-annual-reports/en/CX16_Final_en.pdf |title=Cathay Pacific Airways Limited Annual Report 2016}}</ref><br />
|-<br />
|Snowdon Limited||Subsidiary||Financial services||Hong Kong||100%<ref name="cx16" /><br />
|-<br />
|Troon Limited||Subsidiary||Financial services||Hong Kong||100%<ref name="cx16" /><br />
|-<br />
|Vogue Laundry Service Limited||Subsidiary||Laundry and Dry Cleaning||Hong Kong||100%<ref name="cx16" /><br />
|}<br />
<br />
</center><br />
<br />
===Branding===<br />
Branding and publicity efforts have revolved primarily around the staff and passengers of Cathay Pacific. The airline's first campaign focusing on the passenger was "''It's the little things that move you''". It was followed by an advertising campaign, "''Great Service. Great People. Great Fares.''"<ref>{{cite web|url=http://services.inquirer.net/print/print.php?article_id=20080711-147720 |title=MARKETING Rx: Right corporate brand equity for service firm |publisher=Inquirer |accessdate=13 September 2009 |deadurl=yes |archiveurl=https://web.archive.org/web/20120326013915/http://services.inquirer.net/print/print.php?article_id=20080711-147720 |archivedate=26 March 2012 }}</ref> In 2011, Cathay Pacific rolled out "''People. They make an airline.''" The latest motto is "''Life Well Travelled''",<ref>{{cite web|last1=Tsui|first1=Vincent|url=http://lifewelltravelled.cathaypacific.com/ | title=Life Well Travelled | publisher=Cathay Pacific Airways | accessdate=12 December 2016 }} {{primary-inline|date=December 2016}}</ref> introduced in 2015. It is also used for its subsidiary Dragonair and was accompanied by a supplementary website called "''Meet the Team''", which introduced some of the company's staff through profiles. The flash site revealed many behind-the-scenes stories, many of which contain inspiring facts about their career life.<ref>{{cite web |url=https://www.cathaypacifichost.com/blog/?p=163 |title=Meet Our Team |publisher=Cathay Pacific |accessdate=22 August 2009 |deadurl=yes |archiveurl=https://web.archive.org/web/20090930193940/http://www.cathaypacifichost.com/blog/?p=163 |archivedate=30 September 2009 |df=dmy }}</ref><br />
<br />
===Livery===<br />
[[File:Cathay Pacific Boeing 777-300ER; B-KPF@HKG;31.07.2011 614oq (6053398096).jpg|thumb|A Cathay Pacific [[Boeing 777-300ER]] landing at [[Hong Kong International Airport]]]]<br />
[[File:B-KPM_27122015LHR_(23860063229).jpg|thumb|A Cathay Pacific [[Boeing 777-300ER]] in the new livery]]<br />
<br />
All Cathay Pacific aircraft carry the following livery, logos and trademarks: the "brushwing" livery on the body and on the [[vertical stabiliser]], introduced in the early 1990s; the "Asia's world city" brandline, the [[Brand Hong Kong]] logotype and the dragon symbol; the [[Oneworld]] logo and the [[Swire Group]] logo.<ref name="Changeofimage"/><ref name=brandhk>{{cite web|title=Brand Overview – Background to Brand Hong Kong |url=http://www.brandhk.gov.hk/brandhk/en/view.htm |work=[[Brand Hong Kong]] |publisher=[[Government of Hong Kong]] |date=August 2007 |accessdate=4 July 2009 |archiveurl=https://web.archive.org/web/20090527013457/http://www.brandhk.gov.hk/brandhk/en/view.htm |archivedate=27 May 2009 |deadurl=yes |df=dmy }}</ref><ref>{{cite web|title=Primary Signature|url=http://www.brandhk.gov.hk/brandhk/guidelines2003/eng/p4.pdf|format=PDF|work=[[Brand Hong Kong]]|publisher=[[Government of Hong Kong]]|date=February 2003|accessdate=4 July 2009|archiveurl = https://web.archive.org/web/20070129064333/http://www.brandhk.gov.hk/brandhk/guidelines2003/eng/p4.pdf |archivedate = 29 January 2007|deadurl=yes}}</ref><br />
<br />
The brushwing logo consists of a calligraphic stroke against a green background; the stroke is intended to appear like the wing of a bird. The previous logo, consisting of green and white stripes, was in place from the early 1970s until 1994.<ref name="Brushwingu"/><br />
<br />
Prior to 1997, all Cathay Pacific aircraft carried the British flag on the [[empennage]]. After the handover, aircraft carry the [[Brand Hong Kong]] logo and with ''HONG KONG'' or in Chinese ''香港'' under or beside the [[Brand Hong Kong]] logo instead of using the Hong Kong Special Administrative Region (HKSAR) flag. In fact, the HKSAR flag has never appeared on any aircraft.<br />
<br />
In November 2015, the airline revealed a refreshed version of its previous livery, featuring a simpler paint scheme while maintaining their trademark brushwing on an all-green tail.<ref>{{cite web|last1=Boicos|first1=Dane|title=Cathay Pacific's New Livery|url=http://journeypro.net/cathay-pacifics-new-livery/|website=Journey Pro|accessdate=23 December 2016|date=3 November 2015}}</ref> [[Boeing 777-300ER]] (B-KPM) was the first aircraft to wear the new livery. The second aircraft was a freighter aircraft, [[Boeing 747-400ERF]] (B-LIA).<br />
<br />
==Destinations==<br />
{{Further information|Cathay Pacific destinations}}<br />
[[File:CX-CathayPacific-World-Dest.svg|thumb|[[Cathay Pacific destinations]]. {{legend|#ff5c5c|China (passenger flight mainly served by Cathay Dragon, except Beijing and Shanghai)}} {{legend|#0066ff|Cathay Pacific passenger and cargo destinations}}]]<br />
Cathay Pacific serves 77 destinations in 42 countries and territories on five continents, with a well-developed Asian network. The airline serves a number of gateway cities in North America and Europe, with easy connections with its [[Oneworld]] and [[codesharing|codeshare]] partners, [[American Airlines]] and [[British Airways]] via Los Angeles and London, respectively. In addition, the airline serves 10 French cities via a codeshare partnership with French national rail operator, [[SNCF]], from Paris. The airline also has access to over 17 destinations in China through its subsidiary, Cathay Dragon.<ref name=dest/><br />
<br />
===Codeshare agreements===<br />
Cathay Pacific has [[codeshare agreement]]s with the following airlines:<ref name="CAPA CX profile">{{cite web|url=http://centreforaviation.com/profiles/airlines/cathay-pacific-cx|title=Profile on Cathay Pacific|website=CAPA|publisher=Centre for Aviation|access-date=2016-10-29|archive-url=https://web.archive.org/web/20161029002729/http://centreforaviation.com/profiles/airlines/cathay-pacific-cx|archive-date=2016-10-29|dead-url=no}}</ref><br />
{{div col|colwidth=17em}}<br />
* [[Air Canada]] (selected connecting routes)<ref>[http://aircanada.mediaroom.com/index.php?s=43&item=1096 Air Canada and Cathay Pacific to Introduce Codeshare Services and Reciprocal Mileage Accrual and Redemption Benefits in Strategic Cooperation]. aircanada.com. Retrieved on 22 Dec 2016.</ref><br />
* [[Air China]]<br />
* [[Air New Zealand]]<br />
* [[Alaska Airlines]]<br />
* [[American Airlines]]<br />
* [[Bangkok Airways]]<br />
* [[British Airways]]<br />
* [[Cathay Dragon]] (formerly Dragonair)<br />
* [[Comair (South Africa)|Comair]]<br />
* [[Fiji Airways]]<br />
* [[Finnair]]<br />
* [[Flybe]]<br />
* [[Iberia (airline)|Iberia]]<br />
* [[Japan Airlines]]<br />
* [[LATAM Brasil]]<br />
* [[LATAM Chile]]<br />
* [[Lufthansa]] (selected connecting routes) <ref>[http://newsroom.lufthansagroup.com/en/news-and-releases/2017/q1/410.html]. lufthansagroup.com. Retrieved on 27 Mar 2016.</ref><br />
* [[MIAT Mongolian Airlines]] <ref>[https://www.cathaypacific.com/cx/en_HK/about-us/press-room/press-release/2017/Cathay-Pacific-announces-new-codeshare-agreement-with-MIAT-Mongolian-Airlines.html Cathay Pacific announces new codeshare agreement with MIAT Mongolian Airlines]. Cathaypacific.com. Retrieved on 28 June 2017.</ref><br />
* [[Philippine Airlines]]<br />
* [[Qatar Airways]]<ref>[https://www.cathaypacific.com/cx/en_AU/about-us/press-room/press-release/2014/customers_to_benefit_from_cathay_pacific_qatar_airways_strategic_agreement_between_hong_kong_and_doha.html Customers to benefit from Cathay Pacific / Qatar Airways strategic agreement between Hong Kong and Doha]. Cathaypacific.com. Retrieved on 16 May 2014.</ref><br />
* [[S7 Airlines]]<br />
* [[SriLankan Airlines]]<br />
* [[Vietnam Airlines]]<br />
* [[Vueling]]<br />
*[[WestJet]]<br />
{{div col end}}<br />
The airline also has a codeshare agreement with French high speed trains ([[SNCF]]) from [[TGV]] station at [[Paris-Charles de Gaulle Airport]] to ten French cities.<ref name=dest>{{cite web|url=https://www.cathaypacific.com/cx/en_HK/about-us/press-room/fact-sheet.html|title=Fact Sheet – Routes and Destinations|publisher=Cathay Pacific|accessdate=23 December 2016}}</ref><ref>{{cite press release|title=New HKSAR/France air services arrangement provides new code-share opportunities|url=http://www.info.gov.hk/gia/general/200406/17/0617227.htm|publisher=[[Government of Hong Kong|Government of the Hong Kong Special Administrative Region]]|date=17 June 2004|accessdate=2 July 2009}}</ref><br />
<br />
==Fleet==<br />
[[File:Aeropuerto de Hong Kong, 2013-08-13, DD 18.JPG|thumbnail|Cathay Pacific [[Boeing 777-300]]]]<br />
{{Main article|Cathay Pacific fleet}}<br />
Cathay Pacific operates an all-[[wide-body aircraft|wide-body]] fleet composed of [[Airbus A330]], [[Airbus A350]], [[Boeing 747]] and [[Boeing 777]] aircraft. The airline also has more [[Airbus A350]] and [[Boeing 777X]] aircraft on order.<br />
<br />
==Loyalty programs==<br />
Cathay Pacific has two loyalty programs: The Marco Polo Club (The Club), the loyalty program, and Asia Miles, the travel reward program. Members of The Club are automatically enrolled as Asia Miles members.<br />
<br />
===Marco Polo Club===<br />
[[File:CX Marco Polo Logo.png|thumb|alt=The Marco Polo Club logo|The Marco Polo Club logo]]<br />
<br />
The Marco Polo Club is divided into four tiers, Green (entry level), Silver, Gold and Diamond, based on the member's past travel. A joining fee of US$100 is applicable for a Marco Polo Club membership. Members earn Club Points on eligible fare classes with Cathay Pacific, Cathay Dragon and [[Oneworld]] member airlines. These are used to calculate the member's eligibility for membership renewal, upgrade or downgrade during the membership year. Higher-tiered members are provided with increased travel benefits such as guaranteed [[Economy Class]] seat, additional baggage allowance, priority flight booking and airport lounge access. The Marco Polo Club membership is terminated after 12 months of inactivity or failure to meet minimum travel criteria as outlined in the membership guide and will be downgraded to Asia Miles member.<ref name=MPO>{{cite web|title=About Marco Polo Club|url=https://www.cathaypacific.com/cx/en_HK/frequent-flyers/about-the-club/introduction.html|publisher=Cathay Pacific|accessdate=23 December 2016}}</ref><ref name="MPOT&C">{{cite web|title=The Marco Polo Club – Privacy and terms|url=https://www.cathaypacific.com/cx/en_HK/frequent-flyers/about-the-club/privacy-and-terms.html|publisher=Cathay Pacific|accessdate=23 December 2016}}</ref><br />
<br />
;Green<br />
The Green tier is the entry level to the Marco Polo Club. Benefits include dedicated 24-hour club service line for flight reservations, designated Marco Polo check-in counters, excess baggage allowance and lounge access redemptions, and priority boarding. One Business Class lounge voucher will be issued for the member or their travelling companion at reaching 200 Club Points. Members are required to earn 100 Club Points or pay US$100 for membership renewal.<ref name=MPObenefit>{{cite web|title=Club benefits|url=https://www.cathaypacific.com/cx/en_HK/frequent-flyers/about-the-club/club-benefits.html|publisher=Cathay Pacific|accessdate=23 December 2016}}</ref><br />
<br />
;Silver<br />
Silver tier level is achieved or retained when the member earns 300 Club Points during the membership year. Additional benefits for Silver Card members include advanced seat reservations, priority waitlisting, [[Business Class]] check-in counters, {{convert|10|kg|lb|abbr=on}} extra baggage allowance, priority baggage handling and Business Class lounge access when flying Cathay Pacific or Dragonair operated flights. Additionally, members are eligible to use the Frequent Visitor e-Channels for seamless self-service immigration clearance at [[Hong Kong International Airport]]. At 450 Club Points, members will be issued two Business Class lounge vouchers for their travelling companions. Also, members are entitled to apply for at most three Membership Holidays in their lifetime, retaining their status for one year for each application.<br />
<br />
Marco Polo Club Silver tier status is equivalent to [[Oneworld#Oneworld Ruby|Oneworld Ruby]] tier status, which entitles members to Oneworld Ruby benefits when travelling on a Oneworld member airline.<ref name="MPObenefit" /><ref>{{cite press release|title=Cathay Pacific and Dragonair's frequent flyers enjoy faster immigration clearance through Frequent Visitor e-Channels|url=https://www.cathaypacific.com/cx/en_PH/about-us/press-room/press-release/2009/en_HK_pressrelease_86.html|publisher=Cathay Pacific|date=14 September 2009|accessdate=23 December 2016}}</ref><br />
<br />
[[File:CX The Wing Long Bar.jpg|thumb|The Wing, Cathay Pacific's flagship airline lounge at Chek Lap Kok International Airport]]<br />
<br />
;Gold<br />
Gold tier level is achieved or retained when the member earns 600 Club Points during the membership year. Additional benefits for Gold Card members includes a guaranteed Economy Class seat on Cathay Pacific or Dragonair flights booked 72 hours before departure, {{convert|15|kg|lb|abbr=on}} or one piece of extra baggage allowance, Business Class lounge access with one accompanying guest when flying Cathay Pacific, Dragonair and Oneworld operated flights and arrival lounge access when flying Cathay Pacific or Dragonair operated and marketed flights. Two Business Class lounge vouchers will be issued for their travelling companions or members on their Asia Miles Redemption List at reaching 800 Club Points. At reaching 1000 Club Points, four Cabin Upgrade vouchers (for Cathay Pacific or Dragonair operated short haul or medium haul routes) will be issued to members and their travelling companions.<br />
<br />
Marco Polo Club Gold tier status is equivalent to [[Oneworld#Oneworld Sapphire|Oneworld Sapphire]] tier status, which entitles members to Oneworld Sapphire benefits when travelling on a Oneworld member airline.<ref name="MPObenefit" /><br />
<br />
;Diamond<br />
The second highest tier in the Marco Polo Club. Diamond tier level is achieved or retained when the member earns 1200 Club Points during the membership year. Additional benefits for Diamond Card members include top priority waitlisting, guaranteed Economy Class or Business Class seat on Cathay Pacific or Dragonair flights booked 24 hours before departure, [[First class (aviation)|First Class]] check-in counters, {{convert|20|kg|lb|abbr=on}} or one piece of extra baggage allowance, First Priority baggage handling, First Class lounge access with two guests when flying Cathay Pacific or Dragonair operated flights, one guest when flying Oneworld operated flights and Business Class lounge access with two guests when flying on any airline. At 1400 Club Points, members will be issued with two First or Business lounge vouchers for their travelling companions or members on their Asia Miles Redemption List. At 1600 Club Points, four Cabin Upgrade vouchers (for any Cathay Pacific or Dragonair operated routes) will be issued to members, travelling companions and members on their Asia Miles Redemption List. At 1800 Club Points, members are able to nominate one member for Marco Polo Gold tier membership.<br />
<br />
Marco Polo Club Diamond tier status is equivalent to [[Oneworld#Oneworld Emerald|Oneworld Emerald]] tier status, which entitles members to Oneworld Emerald benefits when travelling on a Oneworld member airline.<ref name="MPObenefit" /><br />
<br />
;Diamond Plus<br />
The highest tier in the Marco Polo Club. Diamond Plus tier level offered annually to the top one percent of Diamond members worldwide "in recognition of their exceptional and consistent travel performance and their contribution to Cathay Pacific and Dragonair." Diamond Plus and Diamond members are "considered in the same tier in every aspect". However, Diamond Plus get extra perks consisting of "Nomination of one companion to the Diamond tier", and "access to CX First Class lounges regardless which airline they are flying". Marco Polo Club Diamond Plus tier status is equivalent to [[Oneworld#Oneworld Emerald|Oneworld Emerald]] tier status, which entitles members to Oneworld Emerald benefits when travelling on a Oneworld member airline.<ref>{{cite web|title=Diamond Plus Tier|url=http://www.businesstraveller.asia/asia-pacific/news/cathay-pacific-and-its-diamond-plus-top-tier|date=12 August 2010|accessdate=23 October 2011}}</ref><br />
<br />
===Asia Miles===<br />
[[File:Asia Miles member card 2007.jpg|thumb|Asia Miles member card (previous design)]]<br />
Asia Miles was named "Best Frequent Flyer Program" at the 2011 Business Traveller Asia-Pacific Travel Awards ceremony.<ref>{{cite web|url=http://www.businesstraveller.asia/asia-pacific/awards/2011-business-traveller-asia-pacific-awards |archiveurl=https://web.archive.org/web/20120302230840/http://www.businesstraveller.asia/asia-pacific/awards/2011-business-traveller-asia-pacific-awards |archivedate=2 March 2012 |title=2011 Business Traveller Asia-Pacific Awards |publisher=Business Traveller Asia |accessdate=23 December 2016}}</ref> Members can earn Asia Miles with more than 500 partners in 9 categories: Airlines, Hotels, Finance & Insurance, Dining & Banquets, Retail, Travel & Leisure, Cars & Transport, Telecoms and Professional Services. Members can also earn miles when shopping online through iShop which offers a variety of products and brands – from books and electronics to clothing and accessories. Members can use the miles to redeem travel, electronic items, culinary delights, concert tickets and other lifestyle awards. Miles are valid for 3 years from the date of accrual. Asia Miles membership is free and open to individuals aged two or above.<ref name=AM><br />
{{cite web|title=Asia Miles|url=https://www.cathaypacific.com/cx/en_HK/travel-information/rewards-and-benefits/about-asia-miles.html|publisher=Cathay Pacific|accessdate=23 December 2016}}</ref><br />
<ref name="AMT&C">{{cite web|title=Asia Miles – Terms and Conditions|url=https://www.asiamiles.com/am/en/site/terms#4|publisher=Asia Miles Limited. Retrieved 19 June 2012.<br />
}}</ref><section end="Loyalty programs" /><br />
<br />
==Services==<br />
<br />
===Ground handling===<br />
[[File:Self Check-In Kiosks at the Hong Kong International Airport.jpg|thumb|upright|Self-check-in kiosks at Chek Lap Kok Airport|alt=Self-check-in kiosks]]<br />
<br />
Beginning in 2007, Cathay Pacific launched more methods to check in for flights. Among them were self-check-in using a kiosk at [[Hong Kong International Airport]] and other select destinations and checking in via a mobile phone. Worldwide, only a limited number{{Clarify|date=February 2013}} of other airlines offer these options. Cathay Pacific also launched the airline's first ever mobile boarding pass application, dubbed CX Mobile. Passengers can use the application to check flight arrivals and departures, check in for their flights, and read about the destinations they are flying to using City Guides. CX Mobile has become a hit with passengers, making Cathay Pacific one of the industry leaders in offering mobile services to users of smart phones.<ref>{{cite news|last=Ko |first=Carol |title=Check-in on Cathay Pacific with mobile phones |url=http://www.mis-asia.com/news/articles/check-in-on-cathay-pacific-with-mobile-phones |publisher=MIS Asia |date=22 January 2009 |accessdate=2 September 2009 |deadurl=yes |archiveurl=https://web.archive.org/web/20090130031215/http://mis-asia.com/news/articles/check-in-on-cathay-pacific-with-mobile-phones |archivedate=30 January 2009 }}</ref><ref>{{cite press release|url=https://www.cathaypacific.com/cx/en_GB/about-us/press-room/press-release/2009/en_HK_pressrelease_82.html|title=Cathay Pacific emerges as industry leader with new mobile application|publisher=Cathay Pacific|date=1 September 2009|accessdate=23 December 2016}}</ref><br />
<br />
Cathay Pacific is also now following a trend among many airlines to improve its brand image to customers and shareholders with [[social media]], and is ranked fourth worldwide.{{citation needed|date=February 2013}} The airline now uses a range of social media tools including Facebook, [[Flickr]], Twitter, YouTube and [[blogging]] to share ideas with customers.<ref>{{cite web |url=https://www.cathaypacifichost.com/blog/ |title=Cathay Pacific Blog |publisher=Cathay Pacific |accessdate=22 August 2009 |deadurl=yes |archiveurl=https://web.archive.org/web/20090831135256/http://www.cathaypacifichost.com/blog/ |archivedate=31 August 2009 |df=dmy }}</ref> In addition, it has launched a virtual tour to enable passengers to experience Cathay Pacific's new cabins and services without having to step aboard the aircraft.<ref>{{cite web|url=http://simpliflying.com/2008/experience-cathay-pacific-without-even-stepping-on-the-plane/|title=Experience Cathay Pacific without stepping on the plane|publisher=Shashank Nigam|accessdate=22 August 2009}}</ref><br />
<br />
On 4 January 2011, the cargo division of the airline, Cathay Pacific Cargo, became the first airline operating out of Hong Kong to fully switch to e-[[air waybill]]. This eliminates the need for all paper documents when issuing air waybills. The International Air Transport Association (IATA) selected nine countries and territories and airlines in which to run the e-AWB pilot program, including Hong Kong and Cathay Pacific.<ref>{{cite press release|url=https://www.cathaypacific.com/cx/en_SA/about-us/press-room/press-release/2011/cathay-pacific-rolls-out-electronic-air-waybills-in-hong-kong-marking-important-step-in-transition-to-e-freight.html |title=Cathay Pacific rolls out electronic air waybills in Hong Kong, marking important step in transition to e-freight |publisher=Cathay Pacific |date=4 January 2011 |accessdate=23 December 2016}}</ref><br />
<br />
===Cabin===<br />
Cathay Pacific has been phasing in new cabin interiors and in-flight entertainment since June 2011. The first aircraft with the new seats is an [[Airbus A330|Airbus A330-300]] registered B-LAN, which flew its first commercial flight as Cathay Pacific Flight 101 between Hong Kong and Sydney on 1 April 2012.<br />
<br />
====First class====<br />
[[File:CX First Class Suites 747 nose.jpg|thumb|Cathay Pacific first class on the Boeing 747-400|alt=First class on the Boeing 747-400]]<br />
<br />
The [[First class (aviation)|first-class]] seats can be converted into fully lie-flat beds measuring {{convert|36|x|81|in|cm|abbr=on}}. The seats include a massage function, a personal closet, an [[ottoman (furniture)|ottoman]] for stowage or guest seating, and adjustable {{convert|17|in|cm|abbr=on}}, 16:9 [[personal televisions]] (PTV).<ref>{{cite web|title=First Class|url=https://www.cathaypacific.com/cx/en_HK/travel-information/flying-with-us/flight-classes/first.html|publisher=Cathay Pacific|accessdate=23 December 2016}}</ref><ref>{{cite web|title=Your Guide to the First Class Suite|url=http://downloads.cathaypacific.com/cx/new_seat/seatguide/Olympus_f.pdf|format=PDF|publisher=Cathay Pacific|accessdate=4 July 2009}}</ref><ref>{{cite web |title=Cathay Pacific " B747-400 (new product) |url=http://www.seatplans.com/airlines/Cathay-Pacific/seatplans/B747-400-(new-product)#seat_stats |work=seatplan.com |publisher=Panacea Publishing International Ltd |accessdate=23 October 2011 |deadurl=yes |archiveurl=https://web.archive.org/web/20111025032419/http://www.seatplans.com/airlines/Cathay-Pacific/seatplans/B747-400-%28new-product%29#seat_stats |archivedate=25 October 2011 |df=dmy }}</ref><br />
<br />
====Business class====<br />
[[File:Cathay Pacific 77W business class seat.JPG|thumb|A business class seat on board the Boeing 777-300ER]]<br />
<br />
After receiving extensive criticism for its high-walled [[Herringbone seating|herring-bone configuration]] business class seating on long-haul flights, which many passengers felt was too narrow and confined, Cathay Pacific embarked on a total redesign of business class seating. The new design is more conventional, emphasising the passenger's sense of personal space while also retaining privacy.<br />
<br />
The new business class seats will be fitted into all new [[Airbus A330-300]] and [[777-300ER|Boeing 777-300ER]] deliveries, with existing [[Airbus A330|A330-300]] and [[Boeing 777|777-300ER]] aircraft upgraded to the new seating and cabin by February 2013.<ref>{{cite web | url=http://downloads.cathaypacific.com/cx/press/cxw/pdf/New%20Business%20Class%20backgrounder.pdf | title=Cathay Pacific's New Business Class Factsheet | date=December 2010 | publisher=Cathay Pacific Airways | accessdate=12 December 2016 }}</ref> However, the [[Boeing 747-400]] and [[Airbus A340|Airbus A340-300]] aircraft will not be upgraded to the new seating and cabin due to the impending retirement of those planes; instead they will see a refresh of the old herringbone product. The new business class seats emphasise personal space and are equipped with a {{convert|15.4|in|cm|abbr=on}} PTV with AVOD.<br />
<br />
The new Regional Business Class is provided on Cathay Pacific's [[Boeing 777]]s (excluding the [[Boeing 777|777-300ER]]) and selected [[Airbus A330-300]]s. Regional Business Class seats have {{convert|21|in|cm|abbr=on}} width and recline to {{convert|47|in|cm|abbr=on}} of pitch and feature electrical recline and leg rest. A {{convert|12|in|cm|abbr=on}} PTV is located in the seatback offers AVOD.<ref>{{cite web|title=New Regional Business Class|url=https://www.cathaypacific.com/cx/en_CN/travel-information/inflight/travel-classes/business-class/new-regional-business-class.html|publisher=Cathay Pacific|accessdate=23 December 2016}}</ref><ref>{{cite press release|title=Cathay Pacific unveils new Regional Business Class |url=https://www.cathaypacific.com/cx/en_SA/about-us/press-room/press-release/2012/cathay-pacific-unveils-new-regional-business-class.html|publisher=Cathay Pacific|date=24 September 2012|accessdate=23 December 2016}}</ref><ref>{{cite web|title=Business Class Comparison Chart|url=http://www.seatguru.com/charts/business_class.php|work=seatguru.com|publisher=TripAdvisor LLC|accessdate=4 July 2009 |archiveurl = https://web.archive.org/web/20080615140019/http://www.seatguru.com/charts/business_class.php |archivedate = 15 June 2008}}</ref><br />
<br />
====Premium Economy class====<br />
Cathay Pacific introduced a Premium Economy Class in March 2012.<ref name="airlineroute">{{cite web|title=Cathay Pacific to launch Premium Economy on 777-300ER from March 2012|url=http://airlineroute.net/2011/08/20/cx-77g-mar12/|publisher=Airline Route|accessdate=20 August 2011}}</ref> The seat pitch will be 38&nbsp;inches – six inches more than Economy Class – and the seat itself will be wider and have a bigger recline. It will have a large meal table, cocktail table, footrest, a 10.6-inch personal television, an in-seat power outlet, a multi-port connector for personal devices, and extra personal stowage space. The Premium Economy Class seat offers a higher level of comfort with more living space in a separate cabin before the Economy Class zone. Passengers will also receive an "environmentally friendly" amenity kit with dental kit, socks and eyeshade for use during the journey. Larger pillows and noise-cancelling headsets will be provided. The new Premium Economy cabin will be installed on most Cathay Pacific long-haul aircraft. The first Boeing 777-300ER and Airbus A330-300 featuring Premium Economy Class has entered into service in March (substituting for regional aircraft) and scheduled service in April.<br />
<br />
Starting in October 2012, the airline collaborated with Hong Kong lifestyle store [[Goods of Desire|GOD]] and introduced a new range of amenity kits for [[premium economy]] passengers. They are designed as collectibles with each bag being able to hook up to each other to form a wall-hanging accessory. The first two available are 'Joy' and 'Fortune, with designs that depicts Chinese gods relaxing in flight and of auspicious clouds respectively. The two types are available on outbound and inbound flights respectively. They include 90% recycled plastic bottles and toothbrush made mainly from biodegradable corn starch and cellulose.<ref>{{cite news|last=Drescher|first=Cynthia|title=Cathay Pacific's Amenity Kits are Down with G.O.D.|url=http://www.jaunted.com/story/2012/10/24/16501/789/travel/Cathay+Pacific's+Amenity+Kits+are+Down+with+G.O.D.|archiveurl=https://web.archive.org/web/20130106044427/http://www.jaunted.com/story/2012/10/24/16501/789/travel/Cathay%2BPacific%27s%2BAmenity%2BKits%2Bare%2BDown%2Bwith%2BG.O.D.|archivedate=6 January 2013|accessdate=23 December 2016|work=Jaunted|date=24 October 2012|publisher=Condé Nast|deadurl=yes|df=dmy-all}}</ref><ref>{{cite web|title=Cathay Pacific unveils new inflight amenity kits designed by G.O.D for premium and economy class passengers|url=http://www.incentivetravel.co.uk/news/airportairline/10123-cathay-pacific-unveils-new-inflight-amenity-kits-designed-by-g-o-d-for-premium-and-economy-class-passengers|archiveurl=https://web.archive.org/web/20130725121651/http://www.incentivetravel.co.uk/news/airportairline/10123-cathay-pacific-unveils-new-inflight-amenity-kits-designed-by-g-o-d-for-premium-and-economy-class-passengers|archivedate=25 July 2013|date=24 October 2012|accessdate=23 December 2016|work=Incentive Travel & Corporate Meetings}}</ref><br />
<br />
====Economy class====<br />
[[File:B-KPL Economy Class CX391 (20140206153106).JPG|thumb|New Economy Class cabin on a Boeing 777-300ER]]<br />
[[File:Cathay Pacific Economy clamshells.jpg|thumb|Old Economy Class seats with fixed shell design and StudioCX screens|alt=New Economy Class seats]]<br />
Cathay Pacific has been introducing a new economy class from March 2012. They have a six-inch recline (two inches over the current long-haul economy seat). These seats are {{convert|17.5|in|cm|abbr=on}} in width and have {{convert|32|in|cm|abbr=on}} of [[seat pitch|pitch]].<ref>{{cite web|title=New Economy Class|url=https://www.cathaypacific.com/cx/en_HK/travel-information/inflight/travel-classes/economy-class/new-economy-class.html|publisher=Cathay Pacific|accessdate=23 December 2016}}</ref><ref>{{cite web|title=Cathay Pacific A330 International Economy Seat Chart|url=http://www.airreview.com/Seatmap/Cathay/A330-33E/index.htm|publisher=Airreview|accessdate=13 January 2012}}</ref><br />
<br />
The old Economy Class seats, offered on aircraft outfitted with the refurbished long-haul interiors, were designed by [[BE Aerospace|B/E Aerospace]] and introduced in July 2008.<ref>{{cite web|url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=axouL16vRjxM|archiveurl=https://web.archive.org/web/20150222033538/http://www.bloomberg.com/apps/news?pid=newsarchive&sid=axouL16vRjxM|archivedate=22 February 2015|title=Cathay, Air France Add Airbags as Crash Rules Tighten|publisher=Bloomberg|date=9 June 2010|accessdate=23 December 2016}}</ref> These seats include a fixed back design (shell) that allows passengers to recline without intruding on those seated behind, a {{convert|9|in|cm|abbr=on}} PTV providing AVOD, AC power located behind a larger tray table, a coat hook and a literature pocket that has been relocated to below the seat cushion to create more leg room.<br />
The fixed shell of these seats has been criticised.<ref>{{cite web|url=http://www.airreview.com/Cathay/Fleet.htm |title=Cathay Pacific – Reviews – Fleet, Aircraft, Seats & Cabin comfort – Opinions with pictures |publisher=Airreview.com |date= |accessdate=29 June 2013}}</ref><br />
The previous Economy Class seats each feature {{convert|6|in|cm|abbr=on}} PTVs with a choice of 25 channels. These seats are {{convert|17|in|cm|abbr=on}} in width and have {{convert|32|in|cm|abbr=on}} of pitch. These seats are being replaced with the New Economy Class seats on aircraft receiving the Cathay Pacific's new long-haul interior configuration.<ref name=07IntR>{{cite web|title=Cathay Pacific Airways Limited – 2007 Interim Report|url=http://downloads.cathaypacific.com/cx/investor/2007InterimReport_en.pdf|format=PDF|publisher=Cathay Pacific|page=5|year=2007|accessdate=11 July 2009}}</ref><br />
<br />
===In-flight entertainment===<br />
StudioCX, Cathay Pacific's [[in-flight entertainment]] system, equipped with [[personal televisions]] (PTVs) in every seat, offers the latest [[blockbuster (entertainment)|Hollywood blockbuster]] movies, popular Asian and Western TV programs, music and games. In addition, the airline provides a range of different newspapers and magazines from around the world, including the airline's award-winning in-flight magazine ''Discovery''. Passengers with [[visual impairment]] can request for Hong Kong's ''[[South China Morning Post]]'' in [[Braille]] to be available on board.<ref>{{cite web|title=Inflight reading<br />
|url=https://www.cathaypacific.com/cx/en_HK/travel-information/flying-with-us/inflight-entertainment/publications.html|publisher=Cathay Pacific|accessdate=23 December 2016}}</ref><br />
<br />
StudioCX provides [[video on demand|Audio/Video on Demand]] ([[video on demand|AVOD]]) for every passenger and offers up to 100 movies, 350 TV programs, about 1000 CD albums in 25 different genres, 25 radio channels and more than 70 interactive games.<ref>{{cite web|title=Cathay Pacific IFE|url=http://www.airreview.com/Cathay/IFE.htm|publisher=Airreview|accessdate=13 January 2012}}</ref> [[Panasonic]]'s eX2/eX3 system is installed and available on all aircraft while the next generation AVOD (including 5 Live TV and inflight WIFI) will be available from 2016 on all [[Airbus A350]] and selected [[A330]], [[Boeing 777]] aircraft.<ref>{{cite web|title=Aircraft and Fleet|url=https://www.cathaypacific.com/cx/en_HK/travel-information/flight/aircraft-fleet.html|accessdate=14 July 2014}} The "New Regional Product" includes StudioCX.</ref><br />
<br />
===Catering===<br />
[[File:CX First Class course.jpg|thumb|Cathay Pacific First Class fruit and cheese course|alt=Cathay Pacific First Class fruit and cheese platter]]<br />
[[File:Cathay Pacific Business Class Menu-1.jpg|left|thumb|Starter menu of in-flight meal in business class of Cathay Pacific]]<br />
Food and beverages are complimentary on all flights, with two hot meals generally served on each flight for long haul flights, along with free alcoholic beverages.<ref>{{cite web|title=Cathay Pacific Inflight service|url=http://www.airreview.com/Cathay/index.htm|publisher=Airreview|accessdate=13 January 2012}}</ref> Foods served on flights from Hong Kong are provided by Cathay Pacific Catering Services (CPCS) facilities in Hong Kong.<ref name=CPCS>{{cite web|title=Cathay Pacific Catering Services – Customers|url=http://www.cpcs.com.hk/eng/customers_e.html|publisher=Cathay Pacific Catering Services|accessdate=3 July 2009}}</ref> CLS Catering Services Limited, a joint venture with [[LSG Sky Chefs]], provides the inflight catering from [[Toronto Pearson International Airport|Toronto]] and [[Vancouver International Airport|Vancouver]] airports;<ref>{{cite web|title=LSG Sky Chefs – Toronto (YYZ)|url=http://www.lsgskychefs.com/en/c/locations/yyz.html|work=[[LSG Sky Chefs]]|publisher=[[LSG Lufthansa Service Holding AG]]|accessdate=3 July 2009}}</ref><ref>{{cite web|title=LSG Sky Chefs – Vancouver (YVR)|url=http://www.lsgskychefs.com/en/c/locations/yvr.html|work=[[LSG Sky Chefs]]|publisher=[[LSG Lufthansa Service Holding AG]]|accessdate=3 July 2009}}</ref> while Vietnam Air Caterers, a joint venture between CPCS and [[Vietnam Airlines]], provides the inflight catering for flights from [[Ho Chi Minh City]].<ref>{{cite web|title=Our Airline Customers – Customer List|url=http://www.vnaircaterers.com/customer.html|publisher=VN/CX Catering Services Ltd|accessdate=3 July 2009|archiveurl = https://web.archive.org/web/20080222142226/http://www.vnaircaterers.com/customer.html |archivedate = 22 February 2008|deadurl=yes}}</ref><br />
<br />
==Accidents and incidents==<br />
Cathay Pacific has had eight incidents and accidents over its history, although none have resulted in a [[hull loss]] or loss of life since 1972.<br />
* On 16 July 1948, ''[[Miss Macao]]'', a Cathay Pacific-subsidiary-operated [[PBY Catalina|Consolidated PBY-5A Catalina]] (VR-HDT) from [[Macau]] to Hong Kong was [[Aircraft hijacking|hijacked]] by four men, who killed the pilot after take-off. The aircraft crashed in the [[Pearl River Delta]] near [[Zhuhai]]. Twenty-six people died, leaving only one survivor, a hijacker. This was the first hijacking of a commercial [[airliner]] in the world.<ref name=PBY>{{cite web|title=Hijacking description – Cosnsolidated PBY-5A Catalina VR-HDT|url=http://aviation-safety.net/database/record.php?id=19480717-0|publisher=[[Aviation Safety Network]]|accessdate=2 July 2009}}</ref><br />
* On 24 February 1949, a Cathay Pacific [[Douglas DC-3]] (VR-HDG) from [[Manila]] to Hong Kong, crashed near Braemar Reservoir after a go-around in poor weather. All 23 people on board died.<ref>{{cite web|title=Accident description – Douglas C-47A-90-DL VR-HDG|url=http://aviation-safety.net/database/record.php?id=19490224-0|publisher=[[Aviation Safety Network]]|accessdate=2 July 2009}}</ref><br />
* On 13 September 1949, a Cathay Pacific Douglas DC-3 (VR-HDW) departing from Anisakan, Burma, crashed on take-off when the right hand main gear leg collapsed. There were no reported fatalities.<ref>{{cite web|title=Accident description – Douglas C-47A-30-DK VR-HDW|url=http://aviation-safety.net/database/record.php?id=19490913-0|publisher=[[Aviation Safety Network]]|accessdate=11 October 2011}}</ref><br />
* On 23 July 1954, a Cathay Pacific [[Douglas DC-4]] (VR-HEU) from [[Bangkok]] to Hong Kong [[1954 Cathay Pacific Douglas DC-4 shootdown|was shot down]] by aircraft of the [[People's Liberation Army Air Force]] in the [[South China Sea]] near [[Hainan Island]]. Ten people died, leaving nine survivors. After the incident, Cathay Pacific received an apology and compensation from the People's Liberation Army Air Force. It was apparently mistaken for a Nationalist Chinese military aircraft.<ref name=DC4>{{cite web|title=Accident details – Douglas DC-4 VR-HEU|url=http://www.planecrashinfo.com/1954/1954-36.htm|publisher=planecrashinfo.com|last=Kebabjian|first=Richard|accessdate=2 July 2009}}</ref><br />
* On 5 November 1967, Cathay Pacific Flight 33, operated by a [[Convair 880]] (VR-HFX) from Hong Kong to [[Ho Chi Minh City|Saigon]], overran the runway at [[Kai Tak Airport]]. One person was killed and the aircraft was written off.<ref>{{cite web|title=ASN Aircraft accident Convair CV-880-22M-3 VR-HFX Hong Kong-Kai Tak International Airport (HKG)|url=http://aviation-safety.net/database/record.php?id=19671105-0|website=Aviation Safety Network|accessdate=7 March 2015}}</ref><br />
* On 15 June 1972, [[Cathay Pacific Flight 700Z]], operated by a Convair 880 (VR-HFZ) from Bangkok to Hong Kong, disintegrated and crashed while the aircraft was flying at {{convert|29000|ft|m}} over [[Pleiku]], Vietnam after a bomb exploded in a suitcase placed under a seat in the cabin, killing all 81 people on board.<ref>{{cite web|title=Criminal Occurrence description – Convair CV-880-22M-21 VR-HFZ|url=http://aviation-safety.net/database/record.php?id=19720615-1|publisher=[[Aviation Safety Network]]|accessdate=2 July 2009}}</ref><br />
* On April 13, 2010, [[Cathay Pacific Flight 780]], an Airbus A330-342 from [[Surabaya]] [[Juanda International Airport]] to Hong Kong landed safely after both engines failed due to contaminated fuel. 57 passengers were injured in the ensuing slide evacuation. Its two pilots received the [[Polaris Award]] from the [[International Federation of Air Line Pilots' Associations]], for their heroism and airmanship.<ref>{{cite news |title=Pilots reveal death-defying ordeal as engines failed on approach to Chek Lap Kok |url=http://www.scmp.com/magazines/post-magazine/article/1491534/pilots-reveal-death-defying-ordeal-engines-failed-approach |accessdate=21 April 2014 |newspaper=South China Morning Post |date=20 April 2014}}</ref><br />
<br />
==See also==<br />
{{Portal|Hong Kong|Aviation}}<br />
* [[List of airlines of Hong Kong]]<br />
* [[List of airports in Hong Kong]]<br />
* [[List of companies of Hong Kong]]<br />
* [[Macau Air Transport Company]] – subsidiary from 1948 to 1961<br />
* [[Transport in Hong Kong]]<br />
<br />
==References==<br />
{{Reflist|30em}}<br />
<br />
==External links==<br />
*{{Commons category-inline|Cathay Pacific}}<br />
* {{official website}}<br />
* [https://www.cathaypacificcargo.com/ Cathay Pacific Cargo]<br />
* [http://products.cathaypacific.com/premiumeconomy/ Cathay Pacific Premium Economy]<br />
* [http://www.cathayforbusiness.com/ Cathay Pacific for Business]<br />
* [https://www.cathaypacific.com/cpa/en_INTL/helpingyoutravel/destinations Route Map]<br />
* [https://web.archive.org/web/20080511123835/http://www.swire.com/eng/global/home.htm Swire Group]<br />
<!-- Templates --><br />
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{{Cathay Pacific}}<br />
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[[Category:Cathay Pacific| ]]<br />
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[[Category:1947 establishments in Hong Kong]]</div>219.78.168.71https://en.wikipedia.org/w/index.php?title=Kunlun_Energy&diff=814043254Kunlun Energy2017-12-06T16:04:59Z<p>219.78.168.71: /* External links */</p>
<hr />
<div>{{Infobox company<br />
| name = Kunlun Energy Limited <br /> 昆侖能源有限公司<br />
| logo = [[File:Kunlunenergy.png]]<br />
| type = [[State-owned enterprise]] ([[Red chip]])<br />
| traded_as = {{hkex|0135}}<br />
| genre =<br />
| foundation = 1994<br />
| founder =<br />
| location_city = [[Hong Kong Island]]<br />
| location_country = [[Hong Kong]]<br />
| location =<br />
| origins =<br />
| key_people = [[Chairman]]: Mr. Li Hualin<br />
| area_served = [[People's Republic of China]]<br />
| industry = [[Oil]] and [[natural gas]] [[exploration]]<br />
| products =<br />
| services =<br />
| revenue =<br />
| operating_income =<br />
| net_income =<br />
| num_employees =<br />
| parent = [[China National Petroleum Corporation]]<br />
| divisions =<br />
| subsid =<br />
| owner =<br />
| company_slogan =<br />
| homepage = {{URL|http://www.cnpc.com.hk/}}<br />
}}<br />
<br />
'''Kunlun Energy Limited''', formerly '''CNPC (Hong Kong) Limited''',<ref>[http://www.tradingmarkets.com/news/stock-alert/cnpxf_cnpc-hong-kong-to-be-renamed-kunlun-energy-745623.html CNPC Hong Kong to be renamed Kunlun Energy]</ref> became a Hong Kong-[[listed company]] in 1993 through a [[backdoor listing]]. Its [[parent company]] is the [[China National Petroleum Corporation]] which itself was created from the transformation of the Ministry of [[Petroleum]] Industry in the [[People's Republic of China]] in 1988. It is engaged in the [[investment]] of [[exploration]], [[Energy development|development]] and [[Production, costs, and pricing|production]] of [[crude oil]] and [[natural gas]] in China, [[Kazakhstan]], [[Oman]], [[Peru]], [[Thailand]], [[Azerbaijan]] and [[Indonesia]].<ref>[http://www.cnpc.com.hk/aboutcnpchk.html CNPC (Hong Kong) Chairman's Message]</ref><br />
<br />
==See also==<br />
* [[Energy in Hong Kong]]<br />
<br />
==References==<br />
{{reflist}}<br />
<br />
==External links==<br />
*[http://www.cnpc.com.hk/ Kunlun Energy Limited]<br />
<br />
{{China National Petroleum Corporation}}<br />
{{Oil and gas companies of China}}<br />
[[Category:Oil and gas companies of Hong Kong]]<br />
[[Category:Government-owned companies of China]]<br />
[[Category:Energy companies established in 1994]]<br />
[[Category:Non-renewable resource companies established in 1994]]<br />
[[Category:1994 establishments in Hong Kong]]<br />
[[Category:Chinese companies established in 1994]]<br />
[[Category:Companies listed on the Hong Kong Stock Exchange]]<br />
{{Hang Seng China-Affiliated Corporations Index}}</div>219.78.168.71https://en.wikipedia.org/w/index.php?title=Belle_International&diff=814043122Belle International2017-12-06T16:04:06Z<p>219.78.168.71: /* External links */</p>
<hr />
<div>{{Infobox company<br />
| name = Belle International Holdings Limited <br /> 百丽国际控股有限公司<br />
| logo = [[File:Belle International logo.svg|frameless|upright=1.2|Logo]]<br />
| type = Public<br />
| traded_as = {{hkse|1880}}<br />
| foundation = 1991<br />
| founder = Mr. Yiu Tang<br />
| location = [[Shenzhen]], China<ref>{{cite web |url=http://www.belleintl.com/en/contact.php |title=Archived copy |accessdate=2014-08-19 |deadurl=yes |archiveurl=https://web.archive.org/web/20140708132746/http://www.belleintl.com/en/contact.php |archivedate=2014-07-08 |df= }}</ref><br />
| origins =<br />
| key_people = Non-Executive [[Chairman]]: Mr. Deng Yao<br />
[[CEO]]: Mr. Baijiao Sheng<br />
| area_served = [[People's Republic of China]]<br />
| industry = [[Footwear]]<br />
| products = [[Shoes]]<br />
| services = <br />
| revenue = $1.5 billion (2009)<br />
| operating_income =<br />
| net_income =<br />
| num_employees =71,789 (2009)<br />
| parent =<br />
| divisions = <br />
| subsid = <br />
| owner =<br />
| slogan = <br />
| homepage =[https://web.archive.org/web/20080907182009/http://www.belleintl.com/ Belle International Holdings Limited]<br />
}}<br />
<br />
'''Belle International Holdings Limited''' is the number one women's shoe retailer in [[China]], with 22% of the domestic market share.<ref name="Shoe Seller Belle Conquers China">{{cite web|url=http://www.businessweek.com/globalbiz/content/sep2008/gb2008095_430889.htm|title=Shoe Seller Belle Conquers China|accessdate=2008-12-02|work=BusinessWeek.com, September 5, 2008| archiveurl= https://web.archive.org/web/20090105101609/http://www.businessweek.com/globalbiz/content/sep2008/gb2008095_430889.htm| archivedate= 5 January 2009 <!--DASHBot-->| deadurl= no}}</ref> It is engaged in the [[manufacturing]], [[Distribution (business)|distribution]] and [[retail]] [[sales]] of [[footwear]] products.<ref>[http://finance.google.com/finance?q=HKG:1880 Belle International Holdings Limited]</ref> It offers a number of [[brand names]] within its footwear business, including ''Belle'', ''Staccato'', ''Teenmix'', ''Tata'', ''Fato'', ''JipiJapa'', ''Joy & Peace'' and ''Bata''. As of its IPO in May 2007, the company had a retail network comprising 3,828 retail outlets in 150 cities in China and a network of 35 retail outlets in Hong Kong, Macau and the US.<ref name="Forbes.com, May 9, 2007">{{cite news|url=https://www.forbes.com/afxnewslimited/feeds/afx/2007/05/09/afx3700568.html|title=China's Belle Intl brings in France's LVMH as Hong Kong IPO corporate investor|accessdate=2008-12-02|work=Forbes.com, May 9, 2007|date=May 9, 2007}}</ref> In September 2008, Belle was named No. 8 in the BusinessWeek Asia 50, [[Businessweek]]'s annual ranking of top Asian companies.<ref>{{cite web|url=http://bwnt.businessweek.com/interactive_reports/asiabw50_2008/index.asp |title=BusinessWeek Asia 50 Interactive Scoreboard|accessdate=2008-12-02|format= |work=BusinessWeek.com, September 4, 2008| archiveurl= https://web.archive.org/web/20081230074724/http://bwnt.businessweek.com/interactive_reports/asiabw50_2008/index.asp| archivedate= 30 December 2008 <!--DASHBot-->| deadurl= no}}</ref><br />
<br />
==History==<br />
Belle's founder and chairman, Tang Yiu, started Lai Wah Footwear Trading Ltd. in 1981 in [[Hong Kong]], [[Guangdong]] Province.<ref name="cbfeature.com">{{cite web|url=http://www.cbfeature.com/site/spl/belle_international_takes_the_right_steps/|title=Belle International Takes the Right Steps|accessdate=2008-12-02|format=|work=China Business Feature, November 8, 2007|deadurl=yes|archiveurl=https://web.archive.org/web/20111005203216/http://www.cbfeature.com/site/spl/belle_international_takes_the_right_steps/|archivedate=October 5, 2011|df=}}</ref> He started Belle International in 1991 as a shoe wholesale manufacturer, and the company expanded into retail in 2004.<ref name="Shoe Seller Belle Conquers China" /> It attracted private equity investors including [[Morgan Stanley]] and domestic Chinese private equity manager [[CDH Investments|CDH]]. In May 2007 Belle raised $1.1 billion in an IPO on the [[Hong Kong Stock Exchange]]. The offering was priced at the top of the range, at 31 times its estimated 2007 earnings, after retail investors ordered more than 500 times the shares initially earmarked for them.<ref>{{cite web|url=http://www.iht.com/articles/2007/05/16/asia/sxbelle.php|title=Belle said to raise $1.1 billion in Hong Kong IPO<br />
|accessdate=2008-12-02|format= |work=International Herald Tribune, May 16, 2007}}</ref> According to the IPO prospectus, an investment company linked to Groupe Arnault, parent of French luxury goods group [[LVMH]], purchased $30 million worth of shares as a strategic corporate investor.<ref name="Forbes.com, May 9, 2007"/> Belle raised an additional $775 million in two secondary listings in November 2007 and April 2008, which it used to buy several competing brands.<ref name="Shoe Seller Belle Conquers China" /><br />
<br />
In 2007, Belle reported profits of $291 million (up 102% over 2006) on sales of $1.7 billion (up 89% over 2006). Its three women's brands - Staccato, Millie's, and Joy&Peace - account for about a 50% share of the $90-$150 shoe segment in China. Non-sports shoes account for 67% of sales, and licensing agreements with global brands make up the remainder.<ref name="Shoe Seller Belle Conquers China" /> In 2006, Belle International won the contract to be the biggest distributor of [[Nike, Inc.|Nike]] and [[Adidas]] in China. Belle International also operates other sports and leisure wear brands including [[Li Ning]], [[Reebok]], and [[Kappa (company)]].<ref name="cbfeature.com"/><br />
<br />
In 2009, Belle sold its shares in Fila China to [[ANTA Sports]], which [[Fila (company)|Fila]] China was its subsidiary (owned 85%).<ref>{{cite news|url=http://www.hkexnews.hk/listedco/listconews/sehk/20090812/LTN20090812546.pdf|title=DISCLOSEABLE TRANSACTIONS PROPOSED ACQUISITION OF FULL PROSPECT LIMITED AND FILA MARKETING (HONG KONG) LIMITED|date=12 August 2009|accessdate=29 March 2011|work=ANTA|publisher=Published by Hong Kong Stock Exchange}}</ref><br />
<br />
== References ==<br />
{{reflist|2}}<br />
<br />
{{refbegin}}<br />
{{refend}}<br />
<br />
==External links==<br />
*[https://web.archive.org/web/20080907182009/http://www.belleintl.com/ Belle International Holdings Limited]<br />
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{{commons category|Belle International}}<br />
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[[Category:Companies listed on the Hong Kong Stock Exchange]]<br />
[[Category:Retail companies established in 1991]]<br />
[[Category:Companies based in Shenzhen]]<br />
[[Category:Civilian-run enterprises of China]]<br />
[[Category:Chinese brands]]<br />
[[Category:Shoe brands]]<br />
[[Category:Retail companies of China]]<br />
[[Category:Offshore companies in the Cayman Islands]]<br />
[[Category:Companies of Hong Kong]]<br />
[[Category:Shoe companies of China]]<br />
[[Category:1991 establishments in China]]</div>219.78.168.71https://en.wikipedia.org/w/index.php?title=Template:Hang_Seng_Index&diff=814042556Template:Hang Seng Index2017-12-06T16:00:14Z<p>219.78.168.71: </p>
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