Cathay this period, many cartographers were placing Cathay on the Pacific coast, north of Beijing (Pekin) which was already well-known to Europeans. The borders drawn on some of these maps would first make Cathay the northeastern section of China (e.g. by Gerardus Mercator), or, later, a region separated by China by the Great Wall and possibly some mountains and/or wilderness (as in a by Jodocus Hondius, or a by John Speed). J. J. L. Duyvendak hypothesized that it was the ignorance of the fact that "China" is the mighty "Cathay" of Marco Polo that allowed the Dutch governor of East Indies
Cathay Pacific agreements. It was fined US$60 million. The airline has subsequently set up an internal Competition Compliance Office, reporting to chief operating officer John Slosar, to ensure that the Group complies with all relevant competition and antitrust laws in the jurisdiction in which it operates. The breaches for which Cathay Pacific Cargo were being investigated in the US were not illegal under Hong Kong competition law. In September 2008, three of Cathay Pacific's top ten global accounts, Lehmann Brothers, AIG and Merrill Lynch, hit financial trouble. In March 2009, the airline reported a record full-year loss of HK$8.56 billion for 2008,