Cathay Cathay Cathay () is an alternative historical name for China in English. During the early modern period Europeans thought of "Cathay" as a completely separate and distinct culture from China. As knowledge of East Asia increased, Cathay came to be seen as the same nation as China and the term '"Cathay" became a poetic name for the nation. The name "Cathay" originates from the word Khitan (), the name of a nomadic people who founded the Liao Empire which ruled much of today's Northern China from 907 to 1125, and who later migrated west after they were overthrown by the
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,