New Cathay Chief Targets Growth Markets

By Adrian Schofield
Source: Aviation Week & Space Technology
September 09, 2013
Credit: Joepriesaviation.net

Cathay Pacific Airways veteran Ivan Chu will face some complex strategic challenges when he takes over as CEO, as the carrier grapples with new sources of competition and a weak cargo market that continues to hobble its financial performance.

The next few years will be critical for Hong Kong-based Cathay. It is increasingly coming under pressure from fast-growing rivals from the Middle East and mainland China, as well as the low-cost carriers that are spreading their networks across Asia—and even into Hong Kong.

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