New Cathay Chief Targets Growth Markets

By Adrian Schofield
Source: Aviation Week & Space Technology
September 09, 2013

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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