The two companies, both well-known institutions in Hong Kong, previously shared the sponsorship of the tournament between 1980 and 1997. Cathay Pacific stayed with the tournament beyond this and now boasts a 36-year association with the annual event.
John Slosar, CEO of Cathay Pacific Airways, said it continued to be a strong and effective relationship. “As Hong Kong's airline, we believed in the Sevens from the start, just as we believe that Hong Kong provides the energy and sparkle that make the Sevens the unique and wonderful event that it is,” he said.
Stuart Gulliver, group chief executive of HSBC Holdings, said the company was excited to be involved again. “This is an extremely exciting and proud day for everyone at HSBC. We look forward to working in partnership with Cathay Pacific and the Hong Kong Rugby Football Union to ensure the tournament remains Hong Kong’s flagship sporting event and one of the highlights of the city’s calendar for years to come.”
The next Cathay Pacific / HSBC Hong Kong Sevens will be held from 23 to 25 March in 2012.