Chapter 330 (1/2)

It has always been the character of baozixuan to do whatever he says. Now that he has found a good goal. Then it's time for him to do it. Now baozixuan is going to bring what he wants. Even if you spend more, you don't hesitate. As a businessman, you may not be mature enough, but as a young man, you can't take so much into account.

In 1946, American Roy Farrell and Australian Sydney de kantzow, two former Air Force pilots famous for flying the ”Hump” route over the Himalayas, planned to transport urgently needed goods from Australia to post-war China, which gave birth to Cathay Pacific.

In 1948, Butterfield & Swire, the leading British firm in Hong Kong, acquired 45% of Cathay Pacific, which was a joint venture between Australia and the United States at that time. Later, the routes to the south of Hong Kong were assigned to Cathay Pacific, and the routes to the north were assigned to Cathay Pacific's local rival Hong Kong Airlines. Until 1958, Cathay Pacific acquired Hong Kong Airlines, officially dominating the local aviation industry and entering the Northeast Asian market.

1960: the first international airline to fly to Osaka.

1976: the first Asian airline to launch Cathay Pacific Cargo, a cargo service brand.

In the 1980s, Cathay Pacific was 70% owned by Pacific Ocean bank and 30% owned by HSBC.

1982: the first airline to fly directly from Hong Kong to Vancouver, setting a new world record.

1983: the first airline to fly directly from Hong Kong to London.

1983: the first Asian airline to provide first class, business class and economy class services on every flight.

In April 1986, Cathay Pacific Airlines was listed on the stock exchange of Hong Kong. Its initial offering was 56 times oversubscribed. It was officially listed for trading on May 16.

In February 1987, Swire Group and HSBC sold 12.5% of Cathay Pacific to Hong Kong CITIC Group for HK $2.3 billion. CITIC became the third largest shareholder of Cathay Pacific Airlines, and Rong Zhijian and another senior CITIC joined Cathay Pacific's board of directors.

1990: the first direct flight between Hong Kong and Los Angeles.

On January 17, 1990, CITIC Group increased its shareholding to 38.3% and Cathay Pacific obtained the management right.

1991: the first to launch a custom designed stacked flight simulator.

In March 1994, Cathay Pacific acquired 75% equity of Huamin airlines, which is based in Hong Kong and mainly engaged in air transportation business, for HK $200 million. Huamin Airlines was once operated by Xinde group. In the same year, Cathay Pacific comprehensively changed its corporate image and changed the original green and white strip design of the fuselage into a wing display logo. In July 1998, Kai Tak Airport was closed, and the air operations were relocated to the Hong Kong International Airport at Chek Lap Kok. Cathay Pacific also relocated its headquarters to Cathay Pacific City in Tung Chung, next to the new airport, with a planned cost of US $625 million.

1998: polarone, the first non-stop flight from Hong Kong to New York, celebrates the world's longest flight.

In September 2001, the 9 / 11 incident in the United States had an impact on Cathay Pacific. The same year: the first to launch online pre check-in service.

In early 2003, Cathay Pacific was once affected by the outbreak of SARS (SARS) epidemic in Hongkong and its neighbourhood. The number of passengers declined sharply, and more than half of the flights had to be cancelled. Fortunately, after the SARS epidemic was controlled, it resumed fully.

In 2003, 2005 and 2009, Cathay Pacific Airlines was rated as the world's best airline by Skytrax. Its subsidiaries include Dragonair and Huamin airlines.