Those Were the Days
American Roy C Farrell and Australian Sydney H de Kantzow founded Cathay Pacific Airways on 24 September, 1946. Initially based in Shanghai, the two men eventually moved to Hong Kong and established the airline. Legend has it that Farrell and a group of foreign correspondents thought up the airline's unique name in the bar at the Manila Hotel!
An Investment In the Future
The new company began to operate passenger flights to Manila, Bangkok, Singapore and Shanghai. Expansion was fast and, in 1948, one of Hong Kong's leading trading companies, Butterfield & Swire (today known as the Swire Group) took a 45% share in the company. Under the leadership of John Kidston Swire, Butterfield & Swire became wholly responsible for the management of the airline.
Those Were the Days
Taking the Jet Age By Storm
The 1960s represented our coming of age. Between 1962 and 1967, business grew at an average rate of 20 percent a year. We also initiated international services (another world's first) to Osaka, Fukuoka and Nagoya in Japan.
The One and Only "Betsy"
The Old and Only "Betsy"
"Betsy", a converted Douglas DC3, is fondly remembered as our first aircraft. Sold in 1955, "Betsy" was discovered, almost 30 years later flying cargo around the Australian outback.
We bought the aircraft back, repainted her in the original 1940s livery and returned her to Hong Kong.
Today, "Betsy" hangs suspended from the ceiling at the Hong Kong Science Museum.
Cathay Pacific on Wednesday said profits plunged in 2019 as it reeled from political unrest in Hong Kong, while it warned financial losses lay ahead owing to the spread of the new coronavirus.The flagship carrier was battered throughout the second half of last year as violent pro-democracy prote...
Hong Kong flag carrier Cathay Pacific on Wednesday booked the first back-to-back annual loss in its seven-decade history but said it was in the black for the second half and was upbeat about the next year.The firm's report was its worst since 2008 during the global financial crisis, as lower-cos...