Cathay Pacific to spend HK$2 billion on e-business

Cathay Pacific rises above escalating oil prices and aims for the sky with its new e-business ventures

By Elaine Leong

October 17, 2000

Cathay Pacific Airways will invest HK$2 billion $256.5 million on more than 30 e-business ventures over the next three years. Most will be launched during the next six months as part of the airline's goal to become Asia's leading e-business air carrier. The HK$2 billion figure excludes spending on infrastructure, and will be financed internally, according to Cathay Pacific's director and chief operating officer, Philip Chen, who declined to reveal further details on the matter.

Cathay Pacific's e-business projects include a newly launched flagship website, a cargo website with online booking and tracking capabilities, an e-procurement project, and the launch of a global corporate intranet. The airline conservatively...

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