My Account Menu

CAPA Login


Register to trial CAPA Membership!

Cathay sees “no end in sight” to current challenges; business recovery “seems like a distant dream"

15-Sep-2009

Cathay Pacific CEO, Tony Tyler, described the current economic environment as the "most destructive economic downturn in recent memory". [2372 words]

Unlock the following content in this report:

Subheadings:

  • Concerned that current improvements just a seasonal variation; “may need a fundamental change”
  • Business model in focus
  • Boosts cash levels by trimming HAECO stake/B777 sale-leaseback
  • CEO lets fly at suppliers
  • But some demand improvements
  • Air China no immediate plans to increase Cathay Stake above 30%; to form cargo JV
  • Network news
  • Outlook: Big challenges ahead

Graphs and data:

  • Quotes by Tony Tyler as part of Asian Aerospace Congress Speech
  • Quotes by Tony Tyler as part of Asian Aerospace Congress Speech
  • Quotes by Tony Tyler as part of Asian Aerospace Congress Speech
  • Cathay Pacific route network (from Hong Kong base): Sep-2009
Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.