Cathay Pacific 2013 Annual Report Download - page 9

Cathay Pacific Airways Limited Interim Report 2013 7
2013 Interim Review
• We will introduce a new four-times-weekly
service to Male in the Maldives in October and
a new daily service to Newark in the U.S.A. in
March 2014, subject to government approval.
• Dragonair introduced services to Da Nang and
Yangon in the first six months of 2013 and will
introduce a new three-times-weekly seasonal
service to Siem Reap in Cambodia in October,
subject to government approval. Siem Reap
will become the 13th destination to have been
introduced or resumed by Dragonair since
April2012.
• Dragonair added more flights to a number of
destinations. In February, three flights were
added to Kaohsiung (making a total of 45 flights
a week). In April, one flight was added to Chiang
Mai (making a total of five flights a week) and
one flight was added to Kota Kinabalu (making it
a daily service). In July, one flight was added to
Da Nang (making a total of four flights a week).
• We suspended cargo services to Brussels and
Stockholm in February, due to continued weak
demand for cargo shipments to and from
Europe. We intend to add Guadalajara to the
cargo network in the last quarter of 2013, with a
view to offering cargo services between Mexico
and Hong Kong and the rest of Asia.
FLEET DEVELOPMENT
• The Cathay Pacific Group is committed to
upgrading and modernising its fleet. At 30th
June 2013, the Group had 83 new aircraft on
order for delivery up to 2020.
• The Group currently operates 184 aircraft.
Cathay Pacific operates 134 aircraft. Dragonair
operates 39 aircraft. Air Hong Kong Limited
operates 11 aircraft.
• In March 2013, we entered into agreements
in relation to our fleet as part of a package of
transactions among The Boeing Company,
Cathay Pacific, Air China Cargo and Air China.
Under these transactions, we agreed to
purchase three Boeing 747-8F freighters, for
delivery in the second half of 2013, cancelled
orders for eight Boeing 777-200F freighters,
acquired options to purchase five Boeing 777-
200F freighters and agreed to sell four Boeing
747-400BCF converted freighters. Three of the
converted freighters have already left our fleet.
As part of the same package of transactions, Air
China Cargo agreed to purchase eight Boeing
777-200F freighters and to sell seven Boeing
747-400BCF converted freighters.
• In the first half of 2013, we took delivery of
six new aircraft: two Airbus A330-300 aircraft,
three Boeing 777-300ER aircraft and one Boeing
747-8F freighter. Four Boeing 747-400 passenger
aircraft were retired and two Airbus A330-300
aircraft were transferred from Cathay Pacific
to Dragonair. One of Dragonair’s own Airbus
A330-300 aircraft was returned to its lessor.
ADVANCES IN TECHNOLOGY
• We introduced upgraded Cathay Pacific and
Dragonair websites in June that have a new
look and feel and are easier to use. The website
upgrades will facilitate the development of more
integrated and flexible digital channels.
• We areimplementinga new departure control
system. The flight management componentof
the system is expected to be introduced in late
2013. The customer management component
of the system is expected to be introduced
in late 2014. The new system willallow us
tostreamline the way in which we handle
customers at airports.