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Hong Kong cargo seeing slight pick-up in demand, but Hactl and AAT reductions now compounding

Analysis

Hactl and AAT both reported a slight pick up in demand in Sep-2009, although a full recovery appears to still be some time away. Key to the recovery will be whether Hong Kong's cargo volumes move up significantly in the pre-Christmas period, after last year's disappointment. Hong Kong Air Cargo Terminals Limited (HACTL) is optimistic, stating, "we expect further tonnage improvement, hopefully in a pre-Christmas peak."

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