cathay pacific founded

From a single plane to a world-leading airline and premium lifestyle brand, we celebrate the highlights of our journey so far. In July of 2019, Cathay Pacific officially acquired budget carrier Hong Kong Express Airways, or HK Express. Although Cathay Pacific is deeply rooted in Hong Kong, its operations initially began out of Shanghai. He could accept the consulship of a foreign country and register under its laws. -0.12 -1.90%. Cammell Laird is a British shipbuilding company. Matheson proved a perfect partner for Jardine. The Hong Kong-based airline, founded by two ex-Air Force pilots, has grown into a global airline well-known for its high standards of service. This created the perfect opportunity for Matheson to join in commerce with Jardine. [46], Jardines was the first foreign trading house to establish a base in Japan when William Keswick, a descendant of William Jardine's sister Jean, was sent there in 1859 following the country's opening up to the outside world. PDF ANNUAL REPORT - Cathay Pacific For a long time the East India Company had been growing increasingly unpopular in Britain because of its monopoly on Far Eastern trade. [17] Construction of MVSound of Seil and MVSound of Soay began in October 2012. [91] Nevertheless, between 1950 and 1980 the firm underwent another period of dramatic transformation. [7] Swire Properties Mandarin Oriental also embarked on its strategy to double its available rooms and capitalise on its brand. Cathay Pacific Fleet Details and History Last updated on Jun 17, 2023 Fleet Matrix Fleet List Current Fleet Historic Fleet Special Colors / Stickers Radar Radar The airline serves 119 destinations in 35 territories across Asia, the Pacific, Europe, North America, the Middle East and Africa. On the other hand, the cargo services provide for about 30 percent of the total revenue of the company. As long ago as 1801, precursor firms to Jardines had secured the first licences from the East India Company to exports teas to New South Wales and Van Diemen's Land and when the East India Company's trade monopoly was overturned in 1834, the firm lost no time in expanding its tea business. At the time of publication, the aircraft remains on the ground in Hong Kong. Hong Kong's Cathay Pacific hits back at union for claiming company His strong relationships with Middle Eastern and Canadian airlines make him an asset to the team. Fact Sheet - Cathay Pacific In 1938, during the Second Sino-Japanese War, the company bought four ships, Haiyuan, Haili, Haichen and Haiheng from the China Merchants' Steam Navigation Company, which were subsequently operated between Hong Kong and Tientsin (modern day Tianjin).[63]. Unfortunately, Cathay Dragon would be a victim of the ongoing global health crisis, with Cathay Pacific shutting down the subsidiary in October of 2020 and merging most of its operations into the mainline brand. Subsidiaries of Cathay Pacific include Air Hong Kong, Cathay Dragon, and HK Express. [101] He was succeeded by Brian M. Powers, an American investment banker who became the first non-British Tai-pan of Jardines. Cathay Pacific was founded on the 24th of September in 1946 in Hong Kong by Sydney H. de Kantzow and Roy C. Farrell. In November that year, then Taipan David Newbigging restructured Jardine Matheson and Hongkong Land by increasing their interests in each other and making it impossible for any party to gain control of either company. From the middle of the seventeenth century this drink had been growing in popularity in Britain and the British colonies, but the trade in teas was far from simple. In the late 1950s, with support from three banks in London, John and Tony Keswick purchased the last Jardine family interests in the company. A founding member of the oneworld alliance, Cathay Pacific is headquartered on the grounds of Hong Kong International Airport and is listed on the Hong Kong Stock Exchange . Jardine, Matheson & Co. (East Africa) Ltd. [36] The costs of fighting off Li Ka-Shing and Sir YK Pao forced Jardines to sell its interests in Reunion Properties. As well as smuggling opium into China, Jardines traded sugar and spices from the Philippines, exported Chinese tea and silk to England, acted as cargo factors and insurance agents, rented out dockyard facilities and warehouse space as well as financed trade. [79], Jardine's Hong Kong operations faced their first post-war challenge as a result of having to comply with the British trade embargo placed against China during the 19501953 Korean War. Skilled in Selling, Foreclosures, Real Estate Development, Working with Investors, and deal sourcing and Brokerage. Cathay Pacific was founded in 1946 by two airmen, Roy Farrell and Sydney de Kantzow. If youre a customer and you have a general question about our services or require assistance, please click here. [3] The company also built a number of vehicles for the London Underground. You will be redirected from oneworld.com to a third-party website or app that may follow different accessibility guidelines and may not have language-translation options. In 1956, John Keswick returned to England to direct the family estate, appointing Michael Young-Herries in his place as manager of operations in Hong Kong. They were one of five builders approached to build a sample car to a general specification, which were put into service in February 1923, and three of the builders subsequently built production runs. Plans are on to open the new Cathay Pacific Cargo Terminal which will be open to all the carriers of cargo using the airport. Cathay Pacific offers up to four cabin classes on its long-haul international flights, including First class, Business class, Premium Economy and Economy. "Jardine's Corner"[47] was one such landmark[clarification needed Confirmation required that Jardine's Corner was on Stubbs Road], but the best known location associated with the firm is a hill top known as "Jardine's Lookout". ), For more information, please visit www.cathaypacific.com, Aircraft is the catalyst for Cathay Pacific to launch new destinations and provide an enhanced travel experience. 2016 Emirates Cathay Pacific was founded by American Roy C Farrell and Austrian Sydney H de Kantzow in the year 1946. Members enjoy the best of Marco Polo Club and Asia Miles under one Cathay membership programme. Jardine Strategic was incorporated to hold stakes in a number of group companies. Our history | Cathay Pacific [93], The Hong Kong Land owned Mandarin Oriental Hotel opened in 1963[94] as the first five-star hotel in Hong Kong's financial district, then one year later the firm's subsidiary Dairy Farm acquired the fledgling Wellcome supermarket chain, which has since grown into one of the largest retail operations in Asia. In 1921, these three operations were amalgamated as Ewo Cotton Mills, Ltd. and registered in Hong Kong. In 1986, it returned to the private sector as part of Barrow-in-Furness-based Vickers Shipbuilding & Engineering (VSE). Tls. He followed in the footsteps of Magniac, who had obtained an appointment from the King of Prussia as Vice-Consul under his brother Charles, and became the Danish Consul. [111], From 2003 onwards, Jardine gradually sold off its various holdings in Theo H. Davies & Co.[112]. Cathay Pacific has managed to maintain a modern fleet over its 75 years of operation. The 747 would go on to propel Cathay Pacific from a regional carrier to a global player with a long-haul network: flights to London Gatwick begin the following year, with a service stop in Bahrain to refuel. In 1993, it completed HMS Unicorn (S43) now HMCSWindsor. They began by transporting cargo from Sydney to Shanghai on the 28th of January 1946. [15], In January 2010, it was announced that Lairds had received a 44m order for the flight decks of the Royal Navy's new aircraft carrier HMSQueen Elizabeth. There are currently no important alerts. [21] On this basis the partners had nothing to fear from the company and over time relations between the firm and the East India Company seemed to become amicable. "Hong Kong" came from the Cantonese Heung Gawng () meaning "fragrant harbour" and possibly originated from the scent emanating from the sandalwood incense factories across the water in what is now Shenzhen.[39]. It has been deeply committed to its home base over the past seven decades and remains so, making substantial investments to develop Hong Kong as one of the world's leading international aviation centres. Airline of the Year Winners | SKYTRAX [19] The vessel, named RRSSir David Attenborough began sea trials in 2020; she took her maiden voyage to Antarctica in November 2021. The private firm of Jardine, Matheson & Co. Jardine Aircraft Maintenance Company (JAMCo), War and withdrawal from the Chinese Mainland, Kinder, Claude Wm. Jardine's sister company in Calcutta, Jardine Skinner & Co. was established in 1844 by David Jardine of Balgray and John Skinner Steuart, it became a major force in the tea, jute and rubber trades. For social media collaboration requests, please send your toolkit and proposal to [emailprotected]. By continuing to browse, you consent to the oneworld.com website privacy policy and use of cookies. As the first marketing campaign following the rebrand of Cathay Cargo earlier this year, "We Know How" focuses on the innovation, people, solutions and service - as well as the "magic" - that are central to Cathay Cargo. However, the Chinese, draconian in their application of the rules relating to foreign vessels, were unhappy about a "fire-ship" steaming up the Canton River. Around 77% of these people are based in Hong Kong. Tea and silk ranked high on the list of commodities exported. Construction of the ferry began with a formal keel laying ceremony on 31 May and the vessel entered service a year later. These services saved the East India Company a considerable sum of money and earned Jardine the company's gratitude. Hong Kong's building boom presented another opportunity, which Jardines seized with its acquisition in 1975 of leading construction and civil engineering group Gammon Construction. Jardines insurance business, founded as the Canton Insurance Office in 1836 to support its shipping business, began offering underwriting services in many of the places where the company had offices and agencies and, as late as 1860, was still the only insurance company in China. To transport them, Cammell Laird asked Watsons of Gainsborough to build five dumb barges. Qatar Airways is a member of oneworld global airline alliance. In 1803, at the age of 19, he became a surgeon on the ships of the British East India Company working the trading routes between London, China and India; a position he held for the next 14 years. [51] Plans for a new Renaissance style building with five stories were drawn up by local architects Stewardson & Spence and work began in 1920. In area the island is less than 30 square miles (78km2), and rises steeply from the water. There are 48 new passenger aircraft (as of the end of 2022) scheduled to join the fleet in the coming years. Hunter's description of Matheson was, "He was a gentleman of great suavity of manner and the impersonation of benevolence." This was strongly opposed by the workforce through trade union campaigners including the GMB, led by communist firebrand official Barry Williams.[9]. The Group has been deeply committed to its home base for more than 76 years and remains so, making substantial investments to develop Hong Kong as one of the world's leading international aviation centres. And we introduce our innovative new Airbus A321neo aircraft, redefining the possibilities of short-haul travel. Where Is Cathay Pacific Airlines Headquartered? - WorldAtlas Coastline eventually bought part of the shipyard and adopted the Cammell Laird name, before floating on the London stock exchange in 1997 and acquiring dockyards at Teesside, Tyneside and Gibraltar. The Ewo Yuen Press Packing Company, also known as the Ewo Press Packing Company was established in Shanghai in 1907 and owned jointly by Jardines and a Chinese partner. Let's take a look back at the airline's history and some of its significant moves. Tony Keswick was shot in the arm by a Japanese official during a 1941 election meeting for the Shanghai Municipal Council held on the Shanghai Racecourse. [48] The Noonday Gun, located opposite the Excelsior Hotel, dates to the 1860s and a time when Jardine's private militia would fire a salvo to salute the arrival of the firm's Taipan in the harbour. 37 workers were later arrested, jailed and sacked for their roles in the protest. Soochong, Oolong, Gunpowder, and Chun Mee tea. [16][17] Jardine was known as the planner, the tough negotiator and strategist of the firm and Matheson was known as the organisation man, who handled the firm's correspondence, and other complex articles including legal affairs. Cathay Pacific itself had 181 passenger and cargo aircraft at the end of 2022. That year the firm sent the first private shipments of "Jardines' Pickwick tea mixture",[23] a blend of Chinese teas, from Whampoa aboard the firm's clipper Sarah bound for the docks of Glasgow, Falmouth, Hull and Liverpool, England. Cathay Pacific is an international airline based in Hong Kong that was founded in 1946. The company was initially based in Shanghai, China but soon was moved to Hong Kong. Receive the latest press releases and announcements directly to your inbox. After its listing on the Hong Kong Stock Exchange in 1961,[92] the firm acquired controlling interests in the Indo-China Steam Navigation Company and Henry Waugh Ltd. as well as established the Australian-based Dominion Far East Line shipping company.[36]. Furthermore, the Group served an additional 131 destinations in 21 countries and regions through codeshare agreements. Cammell Laird - Wikipedia The first project undertaken by the new company was the reclamation of an area of 65 acres (260,000m2) of building land some 250 feet (76m) wide along a new waterfront road that came to be known as Chater Road. Established in 1946, Cathay Pacific has reached the impressive age of 75 years. Cathay Pacific Airways Ltd. expects to report a profit for the first six months of 2023, finally emerging from the most damaging period in its 76-year history and raising . In 1898, Cammell provided the half-inch armour plate used to fabricate the four Fowler Armoured Road Trains built during the Second Anglo-Boer War. From the toughest beginnings to highest of the skies, the airliner of Hong Kong proved that resilience pays off in a business. Cathay Pacific, founded in 1946 by American Roy C. Farrell and Australian Sydney H. de Kantzow, is a renowned airline based in Hong Kong. Cathay Pacific was founded in 1946 by American Roy Farrell and Australian Sydney Kantzow, but as of 2018 its majority shareholder was Swire Pacific. Formerly reinsurance, predominantly investments. To learn more about your Cathay member status and the perks of flying within the oneworld family, visit Cathay Pacific's website. It was back in 1946 that two airmen by the names Roy Farrell and Sydney de Kantzow founded the airline. However, the SFC refused and so Jardine firm delisted from the Hong Kong Stock Exchange (Hang Seng Index) in 1994 under the tenure of Alasdair Morrison and placed its primary listing in London. Jardine was known to work long hours and was extremely business-minded, while Matheson enjoyed the arts and was known for his eloquence. Experienced Company founder with a demonstrated history of working in the real estate industry. Struck down by a fever, he died a few days later.[32]. Click "View all" to read our travel advisories. The single-aisle jets were to be operated by Cathay Dragon, the regional carrier of the Group (which was founded in 1985). In London's Lombard Street, Matheson & Co., Ltd., founded in 1848 as a private house of merchant bankers, became a limited company in 1906 and acted as Jardine's correspondent in London. Further growth occurred in the early decades of the twentieth century with new cold storage, packing and brewing businesses while the firm also became the largest cotton spinner in Shanghai. Trade with China, especially in illegal opium, grew, and so did the firm of Jardine, Matheson and Co, by that time already known as the "Princely Hong"[37] for its status as the largest British trading firm in East Asia. At the end of 2022, the Cathay Pacific Group employed more than 21,200 people worldwide. The Groups other investments include its catering, laundry, ground-handling and cargo terminal companies, and its corporate headquarters at Hong Kong International Airport. [6] The company supplied 41 motor cars and 40 trailer cars in 1923, 25 control trailers in 1924, and a further 48 motor cars in 1925.[6]. Moreover, Hongkong was admittedly one of the finest harbours in the world.[40]. To get the best experience using our site, we recommend you upgrade to a newer browser please see our. The company was initially based in Shanghai, China but soon was moved to Hong Kong. Silk played a prominent role as a commodity during Jardine's first century of operation. Cathay Pacific was founded in Hong Kong in 1946. The aircraft involved in the incident was registered B-KPQ. The airline's initial order would be placed in 2009 for 30 A350-900s and firmed up the year after. Free Online Library", "Acquisition by A&P Group Holdings Ltd of assets of Cammell Laird Group plc", "Cammell Laird: Shipbuilders to the World (18241993)", "Cammell Laird name returns to the Mersey", "Cammell Laird name returns on River Mersey", "Cammell Laird wins 50m Royal Navy warship contract", "Shipbuilding to return to Cammell Laird for first time in 20 years in multi-million pound Western Ferries deal", "Merseyside beats global competition to build 200 million polar research ship", "Britain's new polar ship, the Sir David Attenborough, set for sea trials", "Cammell Laird strikes 'Teaming Agreement' with BAE Systems in bid to build warships", "PICTURES: Construction officially begins for Red Funnel's new freight ship", "Ferry firm's new, British-built, 74m vessel, costing 10m, will be named Red Kestrel", "Red Kestrel Enters Service | Red Funnel", "Cammell Laird wins two Royal Fleet Auxiliary contracts worth 619m - Liverpool Business News", "Uncovering links between Birkenhead and father of science fiction", Cammell Laird: Shipbuilders to the World (18241993), https://en.wikipedia.org/w/index.php?title=Cammell_Laird&oldid=1148381267, This page was last edited on 5 April 2023, at 20:56. Initially the company operated flights to Bangkok, Shanghai, Manila and Singapore. Strong entrepreneurship, professional with a Business Studies degree focused in Economics and law from City of London University. 1938.[85]. Other significant developments during this decade included the merging of Jardine Insurance Brokers with Lloyd Thompson to form Jardine Lloyd Thompson, the acquisition of a 16% interest in Singapore blue-chip Cycle & Carriage and Dairy Farm's purchase of a significant stake in Indonesia's leading supermarket group Hero. The airline serves 119 destinations in 35 territories across Asia, the Pacific, Europe, North America, the Middle East and Africa. [11] These companies acted as agents for Jardines and were either independent or partly owned by the firm. Lying just below the Tropic of Cancer, its climate was considered hot, humid, and unhealthy. When the war ended, a handful of emaciated staff emerged from the camp at Stanley to thank those who had helped them, and to celebrate their freedom by re-opening Jardines' offices in Hong Kong as soon as they could. 75 Years And Counting: Looking Back On Cathay Pacific's History [5] From the middle of the eighteenth century merchants were restricted to an area of Canton on the south China coast, where they were permitted to trade with a group of Chinese merchants known as the Cohong who operated from Thirteen Factories located on the banks of the Pearl River. Once she wrote a sarcastic note to the King of the Belgians:"--Albert is so much amused at my having got the island of Hongkong, and we think Victoria ought to be called Princess of Hongkong as well as Princess Royal. Items packed included raw cotton, cotton yarn, waste silk, wool, hides, goatskins, and other commodities for which press packing for shipment or storage was suitable. [7] Trade in the drug was controlled by the East India Company, who had been granted a monopoly by the British crown in 1773 giving them sole access to the opium of Bengal[8] although independent traders could still obtain supplies in Malwa, India. Thereafter, the growth rate of the company was always seen rising upwards. A founding member of the oneworld alliance, Cathay Pacific is currently the world's fifth largest airline and it flies to over 190 destinations across Asia, Oceania, Europe, Africa and North America. [88] Keswick believed that the heavy taxation implemented by the Communist regime was not "anti-foreignism" but an indication of the need for money to maintain a large army and a new government. The business was sold at a loss in 1954. During the period 19351941 the firm had two Taipans Sir William Johnstone "Tony" Keswick (19031990), based at the head office in Shanghai and his younger brother the Hon. Both men were hardworking, driven and single-minded in their pursuit of wealth. Established in 1946, Cathay Pacific is a founding member of the one world Alliance, and has a rich history of connecting the world with its home in Hong Kong. Cathay Pacific was decimatedThen Hong Kong blamed it for - Fortune [76], From the end of the 19th century, Jardines created a number of new companies using their Chinese name "EWO". [1] After the end of the Upholder-class submarine building programme in 1993, the owners of Cammell Laird, VSE, announced the yard's closure. Cathay Pacific | Our Story The name of the airline was thought in a bar of a Manila Hotel by Farrell with a group of foreign correspondents. This legacy continued with the new and improved 747-400, introduced in 1989, which opened up many more non-stop, long-haul destinations across Europe and North America connecting people across all corners of the world. Hongkong and Shanghai were the main import and export centres while branch offices also engaged in these activities on a smaller scale dealing in products from timber to foodstuffs, from textiles to medicines, from metals to fertilizers, and from wines and spirits to cosmetics. [98], That same year, Jardine also entered into a joint venture with advertising giant McCann Erickson to form McCann Erickson Jardine (China) Ltd. It allowed the opening of major five major Chinese ports, provided indemnification for the opium destroyed and completed the formal acquisition of the island of Hong Kong, which had been officially taken over as a trading and military base on 26 January 1841, though it had already been used for years as a transhipment point.

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