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Cathay Pacific to Hire 1,900 in 2012 on Fleet Expansion

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March 7 (Bloomberg) -- Cathay Pacific Airways Ltd. plans to hire 1,900 workers this year as Asia’s largest international carrier adds new aircraft and premium economy seating to meet rising demand.

The carrier intends to add about 1,000 cabin crew, 300 pilots and 600 ground staff, Carolyn Leung, a spokeswoman for the Hong Kong-based company, said in an e-mailed statement today. The target, which excludes regional arm Hong Kong Dragon Airlines Ltd.’s hiring plan, is in line with last year’s goal to add 2,000 workers.

Cathay last month took delivery of a new Boeing Co. 777-300ER, its first jet with premium economy class and new long-haul coach seats to lure more passengers amid growing competition from Hong Kong Airlines Ltd. Capacity will expand 7 percent for passengers and 10 percent for cargo in 2012, based on estimates Cathay provided last year.

The company will receive a total of 15 planes this year, including six Airbus SAS A330s, five 777-300ERs and four Boeing 747-8Fs. The carrier finished an upgrade of its reservation system last month.

Cathay Pacific fell 0.3 percent to HK$15.06 at the close of trading in Hong Kong. The stock has gained 13 percent this year, compared with the 12 percent advance in the benchmark Hang Seng Index.

Dragonair plans to hire 450 cabin crew, 40 first officers and 35 cadet pilots this year as it adds six planes and expands its route network, the company said last month.

To contact the reporter on this story: Jasmine Wang in Hong Kong at jwang513@bloomberg.net

To contact the editor responsible for this story: Neil Denslow at ndenslow@bloomberg.net

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