Cathay Pacific welcomes Hong Kong government budget initiatives

Cathay Pacific Airways has announced that it welcomes the budget strategy outlined by Hong Kong SAR Government Financial Secretary John Tsang, and in particular the range of initiatives that will help to promote tourism, trade and investment opportunities in Hong Kong.

Cathay Pacific was particularly encouraged by the Hong Kong government’s recognition of the growing importance of air cargo services, and the urgent need to take forward the development of a third runway to meet Hong Kong’s air traffic demand in the long-term. The airline believes the third runway is the only viable option for ensuring the long-term competitiveness of Hong Kong as a leading aviation hub.

Cathay Pacific’s Chief Executive, Ivan Chu said, “We also welcome the government’s study into streamlining the handling of import/export documents, and the provision of a one-stop customs clearance service. We believe this will help to better facilitate cargo movements in and out of Hong Kong and further strengthen Hong Kong’s position as the world’s busiest airfreight hub.”


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