Saturday, April 23, 2011

Dragonair,Hong Kong Dragon Airlines

Hong Kong Dragon Airlines Limited, operating as Dragonair, is an international airline headquartered in Hong Kong; with its corporate headquarters, Dragonair House (港龍大厦, Pinyin: Gǎng​lóng Dà​shà​​), and main hub at Hong Kong International Airport. The airline operates a scheduled passenger network to 32 destinations in 12 countries and territories across Asia, including codeshares. It has an all Airbus fleet of 28 aircraft, consisting of A320s, A321s and A330s. Dragonair is a wholly owned subsidiary of Hong Kong's flag carrier, Cathay Pacific, and an affiliate member of Oneworld. The airline was founded on 24 May 1985 by Chao Kuang Piu, the airline's present honorary chairman. Its maiden flight departed Hong Kong for Kota Kinabalu, Malaysia after being granted an air operator's certificate (AOC) by the Hong Kong Government in July 1985. In 2009, Dragonair, together with its parent, Cathay Pacific, operated over 56,000 flights, carried nearly 25 million passengers and over 1.52 billion kg of cargo and mail.
By 2005, Cathay Pacific owned 18 percent of the airline, with its parent, Swire Pacific owned 7.71 percent; CNAC owned 43 percent and CITIC Pacific owned 28.5 percent. A Hong Kong newspaper reported that Swire Pacific was in advanced negotiations that would see Cathay Pacific taking over Dragonair. This was dismissed outright by Tony Tyler, then Chief Operating Officer of Cathay Pacific who said "We have no plans to change that structure right now... we are happy with the structure of the shareholding in Dragonair at the moment. " Peter Hilton, transport analyst at CSFB, said Tyler's remarks were a "cut and dried" dismissal of the takeover talk.

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