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CATHAY PACIFIC AIRWAYS COMES HOME TO SAN FRANCISCO
Feb 16, 2005

-- Strategic move returns North American HQ office to SF from Los Angeles --

-- Mayor Newsom, Ambassador Peng, leaders from Asian and local business community join celebration --


February 16, 2005 - San Francisco - Hong Kong-based Cathay Pacific Airways, recognized as one of the world's leading carriers to and within Asia, yesterday marked the official opening of its new North American headquarters, in San Francisco's prestigious Union Square location.


From left, Cathay Pacific's Senior Vice President, Americas Tom Wright, Acting Director Hong Kong Economic and Trade Office in San Francisco Betty Ho, The People's Republic of China in San Francisco Ambassador Peng Keyu, San Francisco Mayor Gavin Newsom, and Cathay Pacific's Chief Operating Officer Tony Tyler. Our ribbon cutters admire the festive setting as crew members prepare the red ribbon.

The move marks the return of Cathay Pacific's headquarters to San Francisco, which had been its home base until the carrier relocated to Los Angeles in 1990.

"Our return to San Francisco is an important strategic decision for us," said Tom Wright, Cathay Pacific Senior Vice President, Americas. "We felt that we had made great strides in LA by pioneering the first daily non-stop from LAX to Hong Kong, and that now it was time to reinvest more energy into the
Bay Area."

"This is a critical business and leisure travel market for us and, as one of the primary gateways to Asia, we see San Francisco becoming only more important as trade with Asia continues to increase," added Cathay Pacific's Chief Operating Office Tony Tyler, who was on hand representing the Hong Kong headquarter office.

The grand opening celebration took place in Cathay Pacific's offices, on the third floor of the Tiffany building. It kicked off with an opening ceremony that included a red ribbon cutting, as well as two traditional Chinese customs that are meant to bring good luck: the lion dance and cutting of the roast pig.

Several prominent city officials and leaders from the local business and Asian communities participated in the ribbon cutting and opening ceremony, including San Francisco Mayor Gavin Newsom, Consul General of The People's Republic of China in San Francisco Ambassador Peng Keyu - both of whom made formal remarks - Acting Director Hong Kong Economic and Trade Office in San Francisco Betty Ho, and Vice President Hong Kong Association of Northern California Heidi Tan.

During the opening ceremony, Mayor Newsom presented Cathay Pacific with an official proclamation that designated February 15, 2005 "Cathay Pacific Airways Day in San Francisco". Beverly Ng from California Assemblyman Mark Leno's office also presented Cathay Pacific with a certificate of recognition that acknowledged the airline's important role in strengthening ties between California and Asia.


Tom Wright accepts a proclamation from the mayor that designates February 15, 2005 as "Cathay Pacific Airways Day in San Francisco."

The opening ceremony was followed by a larger open house event where local attorney and community leader Claudine Cheng delivered formal remarks.

The open house also featured Cathay Pacific's most recent print advertising, created by McCann Eriksson San Francisco and Dae Advertising.

-- Ends --

About Cathay Pacific
Cathay Pacific Airways Limited is one of the world's leading passenger and cargo airlines, serving more than one million customers a month to Asia, Europe and North America. The carrier offers daily non-stop service to Hong Kong and beyond from New York, Los Angeles and San Francisco. Headquartered and founded in Hong Kong in 1946, Cathay Pacific is privately held, with the UK-based Swire Group holding a 45% share in the company. Cathay Pacific is a member of the oneworld™ alliance, which includes American Airlines, British Airways, Qantas, Finnair, Iberia, Lan Chile and Aer Lingus.

 


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