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Cathay Pacific

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Cathay Pacific Airways was founded on 24 September 1946 in Hong Kong, with Sydney "Syd" de Kantzow, Roy Farrell, as well as Neil Buchanan, Donald Brittan Evans and Robert "Bob" Stanley Russell were the initial shareholders. Buchanan and Russell already worked for de Kantzow and Farrell in the predecessor of Cathay Pacific, "Roy Farrell Import-Export Company", which was initially headquartered in Shanghai. Both de Kantzow and Farrell were ex-air force pilots who had flown the Hump, a route over the Himalayan mountains. Farrell purchased the airline's first aircraft, a Douglas DC-3, nicknamed Betsy, in Bush Field, New York City in 1945. :29 The company began freight services on 28 January 1946 from Sydney to Shanghai, after Farrell and Russell flew the plane to Australia and obtained a license to carry freight (but not passengers) services earlier that month. :36–37 Its first commercial flight was a shipment of Australian goods. :37 The profitable business soon attracted attention from the Republic of China government officials. :44 After several instances where the company's planes were detained by authorities in Shanghai, :44 on 11 May 1946 the company relocated, flying its two planes to Hong Kong. Farrell and de Kantzow re-registered their business in Hong Kong on 24 September 1946 as "Cathay Pacific Airways Limited", while another sister company "The Roy Farrell Export Import Company (Hong Kong) Limited" was incorporated on 28 August 1946 and chartered some flights of Cathay. :58 According to International Directory of Company Histories, forming two companies are for tax purposes. They named the airline Cathay, the ancient name given to China, and Pacific because Farrell speculated that they would one day fly across the Pacific :56 (which happened in the 1970s). Moreover, to avoid the name "Air Cathay" as it had already been used in a comic. :55 The Chinese name for the company ("國泰") was not settled on until the 1950s. It comes from a Chinese idiom meaning "peace and prosperity" and was at the time often used by other businesses called "Cathay" in English.

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