Cathay Pacific to fly more corporate travelers on way to faster growth

Via Acquire Media NewsEdge) Oct. 9--MUMBAI, India -- At a time when domestic airlines like Jet, Kingfisher, SpiceJet and GoAir are making huge losses, Asia's third largest carrier Cathay Pacific is strengthening its operations in India. The Hong Kong-based airlines, which has a formidable presence in India, the Middle East and Australia, is planning to focus on Indian corporate travellers. The airline says the load factor between India and Hong Kong in business class is still high compared to Hong Kong-US and Hong Kong-UK routes. The move to target the Indian corporate traveller is a fallout of declines in travellers in this class from the US and UK. Cathay has increased its staff strength in India to 220 from just 80 in February last year. With an increase to 35 flights per week from 12 flights, Cathay witnessed a 250... [read full story]