HONG KONG: HK aviation crucial to city’s future

The development of Hong Kong as an aviation hub was crucial to the city’sinternational competitiveness and long-term economic prosperity, said Cathay Pacific CEO Tony Tyler. The Cathay chief’s remarks were made following Hong Kong chief executive Donald Tsang’s recent policy address in which he said the government would strive to enhance the territory’s status as […]


The development of Hong Kong as an aviation hub was crucial to the city’sinternational competitiveness and long-term economic prosperity, said Cathay Pacific CEO Tony Tyler. The Cathay chief’s remarks were made following Hong Kong chief executive Donald Tsang’s recent policy address in which he said the government would strive to enhance the territory’s status as an international centre for financial services, trade, shipping during the National 12th Five-Year Plan period.

“Hong Kong is Asia’s premier international aviation hub and so we welcome the government’s commitment to develop Hong Kong’s status as an international centre for financial services, trade, shipping and logistics,” Tyler said. “The aviation industry is a huge and important contributor to the Hong Kong economy. Our airline is making massive investments in the aviation business, which underline our continued commitment to developing the city’s position as a global aviation and air freight hub.” Cathay is building a new air cargo terminal at Hong Kong International Airport (HKIA) at a development cost of US$700 million which, when completed in early 2013, will increase the airport’s cargo handling capacity by 50 per cent. Cathay has recently ordered 36 new aircraft at a combined list price of $10 billion, which is in addition to the 30 aircraft it already has on order for delivery up to 2013.