Chen Maobo: Cathay Pacific (00293)'s HK$150 billion investment commitment shows confidence in Hong Kong, expectations for quality service and more attractive fares

The Zhitong Finance App learned that Cathay Pacific (00293) held its 80th anniversary dinner today (September 15). Hong Kong's Financial Secretary, Mr Chan Mao-po, said in his speech that Cathay Pacific and Hong Kong have grown together, developed from the first DC-3 airliner to now have a global network, reflecting Hong Kong's spirit of innovation, pioneering and facing the world. Cathay Pacific's investment commitment of around HK$150 billion shows confidence in Hong Kong's future and looks forward to its quality service, combined with “more attractive ticket prices.”

Regarding the country's “15th Five-Year Plan” which clearly supports Hong Kong in consolidating and enhancing its status as an international aviation hub, Chan Mao-po said that the Hong Kong government will cooperate with the three-runway system, new passenger terminal 2 facilities and the development of an “airport city”, actively expand air service agreements and air traffic rights, and strengthen ties with the Middle East, Central Asia, Africa and South America. He also welcomed Cathay Pacific's plan to launch direct flights to Almaty, Kazakhstan in January 2027 to promote trade, tourism and cultural exchanges, and encourage the development of more destinations.