Cathay Pacific has beaten world's most renowned passenger aircrafts to grab the top position for the third time in the last 10 years. The annual Skytrax awards are among the most highly regarded in the industry, with the results based on surveys of more than 16 million air passengers conducted over eight months.
Singapore Airlines was placed at the second position, while Asiana Airlines claimed the third position.
Wrapping up the top five were Qatar Airways and Emirates.
Qantas slipped from its position as the world's third best, but stayed in the top 10 at number six.
"A factor behind the Cathay Pacific win is clearly the consistency of product and service that they provide to their customers," said chief executive Edward Plaisted
He added: "Not only are Cathay Pacific satisfying their passengers onboard flights, but the ratings they achieved for their airport operations in Hong Kong also played a considerable part in this success".
Malaysia Airlines was awarded for the world's best cabin staff, the sixth time the airline has won the award in the past ten years.
Singapore Airlines won for best first class, Etihad for best business class and Qatar for best economy class.
The Top 10 Airlines Of The Year 2009 are:
1. Cathay Pacific
2. Singapore Airlines
3. Asiana Airlines
4. Qatar Airways
7. Etihad Airways
8. Air New Zealand
9. Malaysia Airlines
10. Thai Airways