Cathay Pacific 1999 Annual Report Download - page 5

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1999 In Review
9CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 1999
The Airport
•The Hong Kong International Airport saw further improvements in its operation with the opening of the
second runway in August.
•The Hong Kong Airport Authority introduced a number of improvements to passenger services, enhancing
Hong Kong’s position as Asia’s premier aviation centre.
•The Government and the Airport Authority announced that landing and parking charges at the airport would
be reduced by 15% across the board from January 2000.
Fleet and network
•Cathay Pacific took delivery of three new B777-300 aircraft during the year bringing the number of these
aircraft in its fleet to seven. The airline was the launch customer for the B777-300 in 1998.
•During the year, five B747-300 aircraft were leased to Pakistan International Airlines for an initial period of
two years and two B747-200 aircraft to Air Atlanta Icelandic, also for two years.
•In October, the Company reached an agreement to lease three A340s from Air China for an initial period of
two years.
•Also in October, Cathay Pacific placed an order to purchase two new B747-400 freighters from Boeing.
One of the aircraft will be delivered in 2000 and the other in 2001. In December, orders to purchase three
new A330s were announced and in February 2000, a five year lease of a new A340 from ILFC was signed.
•The average age of the Cathay Pacific passenger fleet is now 4.5 years, making it among the most modern in
the world.
•Cathay Pacific and DHL Worldwide Express entered into a partnership under which the Company will
operate 32 new overnight cargo and passenger flights a week between Hong Kong and four Asian
destinations: Osaka, Seoul, Singapore and Taipei.
•Cathay Pacific and Japan Airlines launched new codeshare services between Hong Kong and Osaka in
March, and Hong Kong and Nagoya in April. The codeshare services on both routes provide a non-stop
daily flight operated by Cathay Pacific.
•Cathay Pacific and South African Airways signed a Memorandum of Understanding outlining a long-term
partnership between the two airlines. Areas of cooperation outlined include codeshare services, frequent-flyer
programmes and ground-handling arrangements.
•Cathay Pacific and Canadian Airlines introduced new codeshare services between Hong Kong and Vancouver
and Hong Kong and Toronto in October.