Po Boy
22nd Apr 2002, 15:39
Monday April 22, 5:23 am Eastern Time
Hong Kong Cathay Pacific To Take Over Some Air Hong Kong Routes
HONG KONG -(Dow Jones)- Cathay Pacific Airways (H.CPA) announced Monday plans to take over some of the routes and fleet run by its Air Hong Kong unit.
As part of a restructuring of Cathay's wholly-owned cargo unit, Air Hong Kong will discontinue service to Brussels , Manchester, U.K. and Dubai effective July 1 to focus on routes in Asia. Air Hong Kong will also return two of three 747- 200 freighters leased from Cathay.
Cathay plans to launch cargo services to Brussels and Manchester if it wins approval. It already serves Dubai .
Cathay said no jobs will be lost at Air Hong Kong , though a number of its staff will be offered jobs at Cathay as part of the restructuring.
Cathay currently operates nine freighters as well as 66 passenger aircraft, which also ship cargo.
The airlines said the move is aimed at greater efficiency as they take advantage of economies of scale.
"The air cargo market is very competitive and it's always our objective to increase company efficiency," said Kenny Tang, Cathay's general manager for cargo. "Increasing capacity in Cathay Pacific's cargo fleet will help position the airline to take advantage of the upturn in business and better serve customers in Europe, the Middle East and North America."
Hong Kong Cathay Pacific To Take Over Some Air Hong Kong Routes
HONG KONG -(Dow Jones)- Cathay Pacific Airways (H.CPA) announced Monday plans to take over some of the routes and fleet run by its Air Hong Kong unit.
As part of a restructuring of Cathay's wholly-owned cargo unit, Air Hong Kong will discontinue service to Brussels , Manchester, U.K. and Dubai effective July 1 to focus on routes in Asia. Air Hong Kong will also return two of three 747- 200 freighters leased from Cathay.
Cathay plans to launch cargo services to Brussels and Manchester if it wins approval. It already serves Dubai .
Cathay said no jobs will be lost at Air Hong Kong , though a number of its staff will be offered jobs at Cathay as part of the restructuring.
Cathay currently operates nine freighters as well as 66 passenger aircraft, which also ship cargo.
The airlines said the move is aimed at greater efficiency as they take advantage of economies of scale.
"The air cargo market is very competitive and it's always our objective to increase company efficiency," said Kenny Tang, Cathay's general manager for cargo. "Increasing capacity in Cathay Pacific's cargo fleet will help position the airline to take advantage of the upturn in business and better serve customers in Europe, the Middle East and North America."