Pay Structure Design Cathay Pacific Airways Limited Company Background Cathay Pacific Airways Limited, an international airline company with the hub located in Hong Kong, was founded in 1946 and developed continuously. It is currently offering flight and cargo services to 194 destinations in 52 countries, and hiring more than 33,000 staff around the world, according to the interim report 2015. Internal Environment a) Corporate mission and strategies Cathay Pacific aims to become the world’s
1.0 Introduction 1.1 Background of Cathay Pacific According to Cathay Pacific Airways Limited (2017e), Cathay Pacific was established on 24 September in 1946 in Hong Kong, it is listed company on the Stock Exchange of Hong Kong Limited. Cathay Pacific has support and invest Hong Kong over the last 70 year, develop the airline industry in Hong Kong. The key competitors of Cathay Pacific are Singapore Airlines and British Airways. The Cathay Pacific fleet is one of the youngest aircraft, it has 146
American Roy C Farrell and Australian Sydney H de Kantzow founded Cathay Pacific Airways on 24 September, 1946. It was based in Shanghai, the two men eventually moved to Hong Kong and established the airline. The new company began to operate passenger flights to Manila, Bangkok, Singapore and Shanghai. Expansion was rapidly growing later. 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
Cathay Pacific has invested over one billion US dollars, at the Hong Kong International Airport - more than any other company. This includes its headquarters, Cathay Pacific City, serving nearly 4,000 permanent employees and more than 5,000 cabin and cockpit crew development. Cathay Pacific is committed to technical excellence of products and services. This is one of the first airlines to provide
its subsidiary local auxiliaries or via utilization as complementary. The Dragonair is an excellent example demonstrated by its actions. Accordingly, clients will be availed to possess the capacity to select to agilely arrange their time with Cathay Pacific Airways at all levels arranging from provincial to global. On the other hand, as an aircraft corporation, it has a weak bargain power counteracting its supplier, from the previous analysis, most of its suppliers, in fact, are in a monopoly or
Hong Kong Dragon Air is Hong Kong-based international airline, belonging to of the Cathay Pacific Group. The airline was established in 1985, and operates a fleet of narrow-body A320s and A321s, which were both powered by V2500 engines manufactured by International Aero Engines AG (“IAE”) for both passenger and cargo service to destinations to destinations across the Asia-Pacific region, and China. Their vision is to be the World’s best regional airline serving China and beyond. Their missions;
shuttle organization which was secured in 1993 with its headquarter in Malaysia and found by Tony Fernandes in 2001. The organization has been developing and changing a ton with the title of 'World's Best Low Cost Airline' in the yearly world carrier study by Skytrax for consistent 5 years. Presently they flight 25 nations and 78 goals with partner organizations Thai Air Asia, Air Asia X, Philippines Air Asia Inc and Indonesia Air Asia Philippines Air Asia Inc. Air Asia X was secured in 2007 which flies
consider in order to resurrect the business model, as it needs to move away from the reliance of government intervention and bailouts to strengthen the airline into a successful enterprise that can operate independently. Our market within the Asia Pacific region is the most competitive in the industry, and through the emergence of low cost carriers combined with poor management, MAS has lost a significant amount of market share over the years. The net profit for the industry in 2014 was US$3.5 billion