| FOR IMMEDIATE RELEASE | 3 December 2009 |
Cathay Pacific welcomes the decision by the Airport Authority to extend the 10% discount on landing and parking charges at Hong Kong International Airport for another three months, beginning 1 January 2010.
Cathay Pacific Chief Executive Tony Tyler said today: "This decision will be seen as good news by all the airlines using HKIA as it will encourage them to maintain or even increase frequencies at a time when sustainable recovery in aviation still looks far from certain.
"It also helps maintain the competitiveness of the Hong Kong hub in the face of the discounts being offered to airline by many other airports in the region.
"From a Cathay Pacific perspective, the news is a boost to our plans to restore some services we had to suspend earlier this year, and to the prospects of adding new destinations.
"However, notwithstanding recent seasonal pick up in our passenger and freight business, yields remain under pressure. And with rising fuel prices in uncertain market conditions, we remain cautious about the prospects of global recovery for the aviation industry."
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