Home' Asian Aviation : AAV February 2011 Contents Freight
including a HK$1.4 billion mechanical handling
"Hong Kong's position as the world's leading
international airfreight hub is a remarkable
achievement, but we cannot a ord to take our pre-
eminent position for granted. A concerted e ort to
improve Hong Kong's capacity and competitiveness
is needed if we are to face up to growing competition
from other airports in the region," says Tony Tyler,
chief executive of Cathay Paci c. "We are building a
terminal that will be one of the biggest, busiest and
most e cient in the world, employing state-of-the-
art operational and environmental features," he adds.
At the same time, Cathay Paci c is building up its
freighter eet. In early 2011, the airline is due to start
taking delivery of 10 new 747-8Fs, underscoring
Cathay's long-term con dence in the local airfreight
industry, says the airline.
Cargo capacity was cut during 2009 as a result
of the global nancial crisis, with ve 747-400
converted freighters parked in the desert in
California during the downturn. But these aircra
started returning to ser vice in 2010 as the airline
During 2010, Cathay launched a round-the-
world freighter ser vice, including the airline's
rst transatlantic crossing, as part of its e orts to
further develop Hong Kong's position as a leading
international air cargo hub. e 747-400F service
operates twice a week, linking Hong Kong with
Anchorage, Chicago, Amsterdam and Dubai.
Elsewhere in the region, other carriers are also
building up their freighter eets. Malaysia Airlines
(MAS), for example, has rmed up options for two
A330-200Fs for delivery in 2012.
Last March, the airline ordered two A330-200Fs
plus two options for its MASkargo freight subsidiary,
with the rst aircra to arrive in September 2011
and the second following in November.
"We are con dent that the A330-200F is set to
become a game changer in the mid-size freighter
market," says MASkargo Managing Director Shahari
Sulaiman. " e aircra will enable MASkargo to
e ciently match capacity closely to demand on
many medium-li sectors across our cargo network,
and especially those operating via intra-Asia."
Other carriers in the region are faring less well,
however. In March 2010, Japan Airlines (JAL)
announced that, as from the end of October,
it would no longer operate dedicated freighter
ser vices as part of its business reorganisation. JAL
said market conditions for the international cargo
business are expected to remain severe.
JALCARGO will shift from using a combination
of dedicated freighters and hold space on passenger
ights, to only utilising space on passenger aircra -- a
new cargo-business structure that aims to secure a stable
pro t help nancially troubled JAL return to the black.
e airline previously operated seven Boeing 747-
400F freighters and three 767-300Fs. JAL had earlier
tried to secure a merger with Nippon Cargo Airlines, but
talks ended in March without an agreement.
Airframe manufacturers, meanwhile, remain
optimistic of a long-term turnaround in the freight
market. Boeing , for example, is predicting the global
freighter eet will grow from its current 1,755 aircra
to just under 3,000 by 2029. e Asia-Paci c region is
expected to account for the bulk of demand for new,
Boeing expects cargo tra c to grow 5.9 percent
annually over the next two decades. Intra-China
volumes are expected to top the growth chart,
expanding 9.2 percent a year, with intra-Asia tra c
expected to grow 7.9 percent and Asia-North America
by 6.7 percent.
To meet local cargo demand, Boeing expects Chinese
carriers to add about 330 freighters by 2029. n
Professional photography and multi-
media for press releases, magazines,
airport events, conferences, brochures,
promotions and display
worldwide Aviation Photography
phone: +61 (0) 414 950 776 email: firstname.lastname@example.org
Links Archive AAV Dec Jan 2010 AAV March 2011. Navigation Previous Page Next Page