: 55 The Chinese name for the company (" 國泰") was not settled on until the 1950s. Moreover, to avoid the name "Air Cathay" as it had already been used in a comic. They named the airline Cathay, the ancient name given to China, and Pacific because Farrell speculated that they would one day fly across the Pacific : 56 (which happened in the 1970s). : 58 (According to International Directory of Company Histories, two companies were formed for tax purposes. Farrell and de Kantzow re-registered their business in Hong Kong on 24 September 1946 as Cathay Pacific Airways Limited, while another sister company, The Roy Farrell Export Import Company (Hong Kong) Limited, was incorporated on 28 August 1946 and chartered some flights from Cathay. : 44 After several instances where the company's planes were detained by authorities in Shanghai, : 44 on the company relocated, flying its two planes to Hong Kong. : 37 The profitable business soon attracted attention from the Republic of China Government Officials. : 36–37 Its first commercial flight was a shipment of Australian goods. : 29 The company began freight services on 28 January 1950 from Sydney to Shanghai, after Farrell and Russell flew the plane to Australia and obtained a licence to carry freight (but not passengers) earlier that month. Farrell purchased the airline's first aircraft, a Douglas DC-3, nicknamed Betsy, at Bush Field, New York City in 1945. Both de Kantzow and Farrell were Ex-Air Force pilots who had flown The Hump, a route over the Himalayan mountains. Buchanan and Russell had already worked for de Kantzow and Farrell at Roy Farrell Import-Export Company, the predecessor of Cathay Pacific, that was initially headquartered in Shanghai. Sydney "Syd" de Kantzow, Roy Farrell, Neil Buchanan, Donald Brittan Evans and Robert "Bob" Stanley Russell were the initial shareholders. Niki, a DC-3 painted to imitate the appearance of the carrier's second aircraft, outside Cathay CityĬathay Pacific Airways was founded on 14 October 1946 in Hong Kong. It is one of the founding members of Oneworld alliance. 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 measured by cargo traffic. The airline celebrated its 70th anniversary in 2016 and as of March 2021, its major shareholders are Swire Pacific, with a 42.3% stake and Air China, with a 28.2% stake.Ĭathay Pacific is the world's fifth largest airline measured by sales, and fourteenth largest measured by market capitalisation. ![]() The airline was founded on 24 September 1922 by Australian Sydney H. ![]() ![]() In 2010, Cathay Pacific and Cathay Pacific Cargo, together with Dragonair (then Cathay Dragon), carried nearly 27 million passengers and over 1.8 million tons of cargo and mail. Defunct wholly-owned subsidiary airline Cathay Dragon, which ceased operations in 2020, previously flew to 44 destinations in the Asia-Pacific region from its Hong Kong base. Cathay Cargo operates two models of the Boeing 747. Cathay Pacific operates a fleet consisting of Airbus A321, Airbus A321neo, Airbus A330, Airbus A350, and Boeing 777 aircraft. ![]() The airline's operations and subsidiaries have scheduled passenger and cargo services to over 190 destinations and present in more than 60 countries worldwide including codeshares and joint ventures. ( October 2022)Ĭathay Pacific Airways Limited (CPA), more widely known as Cathay Pacific ( Chinese: 國泰航空 Jyutping: gwok3 taai3 hong4 hung1 Cantonese Yale: Gwoktaai Hòhnghūng), is the flag carrier of Hong Kong, with its head office and main hub located at Hong Kong International Airport. Please help update this article to reflect recent events or newly available information. Parts of this article (those related to recent history (2021–2022)) need to be updated.
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