Earlier today, Cathay announced the launch of Cathay Technologies, a new subsidiary created with the goal of “bringing Cathay’s innovative digital solutions to the wider aviation industry.”

The subsidiary is part of the wider Cathay Group and will facilitate the monetisation of Cathay’s industry leading in-house digital solutions. This will include solutions focused on user and customer experience and sustainability as well as safety and operational excellence.

Speaking on the launch, Cathay Director Digital and IT Lawrence Fong said:

“Cathay’s vision is to transform into a digital leader famous for our strong digital culture and capabilities, whilst keeping our people and customers at the heart of how we use technology. We are constantly seeking innovative ways to enhance our services and products, staying ahead of the curve and setting new industry standards.

We see Cathay Technologies as an extension of Cathay’s commitment to excellence, supported by our rich history and extensive understanding of the aviation industry, allowing us to provide unparalleled service and expertise to our solutions. With Cathay Technologies, we are reaching new levels in our efforts to support the development of innovation in the aviation industry and Hong Kong’s digital sector.”

It was also announced that Cathay Technologies will be one of four investing firms and enterprise partners of the Hong Kong Science and Technology Park’s (HKSTP) Co-Acceleration Programme Fund. The strategic partnership with HKSTP will help to explore proof of concept opportunities with a variety of start ups and assist in the scale up of select companies.

Speaking specifically on the subsidiary’s commitment to start ups, Cathay General Manager Digital Ventures and Cathay Technologies Chief Executive Officer Navin Chellaram added:

“To us, both tech talents and start ups play a crucial role in the innovation and technology space. Cathay Technologies is pleased to collaborate with HKSTP on this landmark fund, which will empower budding start ups in Hong Kong and the rest of the Greater Bay Area, further strengthening the economic growth of the region.”

 

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