Cathay Pacific announced (25-Feb-2010) it is "firmly committed" to the further development of the Hong Kong aviation hub, and stated plans to invest "some HKD20 billion (USD2.5 billion)" in new freighters and double its freight capacity within the next five years. [more]
Cathay Pacific committed to growing the Hong Kong cargo hub
You may also be interested in the following articles...
Cathay Pacific to Christchurch: contentious Air New Zealand JV as Cathay seeks greater "agility"
As Cathay Pacific is being forced to undergo a competitive metamorphosis it is exploring all options. The latest example is an expected announcement of a new Cathay Pacific route from Hong Kong to Christchurch in New Zealand's South Island. The service is expected to be seasonal (for the New Zealand summer), and is only Cathay's second seasonal long haul route after the Jan-2017 announcement of northern summer service to Barcelona.
New Zealand is a small network component for Cathay but one of its last strongholds, due to a joint venture with Air New Zealand. The New Zealand government reluctantly extended approval for the JV despite Cathay and Air NZ reneging on an offer to use it to link Hong Kong with Christchurch, as well as Auckland. This would thereby have extended the JV to benefit more of New Zealand – a sensitive local matter based on the assertion that Auckland was receiving disproportionate air service benefit.
Air NZ's JV with Cathay arch rival Singapore Airlines has resulted in SIA growing its presence in Christchurch. Cathay has been more frugal, and the NZ government determined that although the JV reduced competition, there was no prospective third competitor, so no harm done.
But now that Hong Kong Airlines has entered Auckland, and then expanded, the Cathay-Air NZ JV faces disbanding. By finally committing to a Christchurch route Cathay appears to be bidding to keep the JV in play. But the New Zealand government will still probably withdraw approval of the Air NZ-Cathay JV.
Delta's strong codeshare increase helps Korean Air with rapid Asia-America change; nudges for a JV
Korean Air is at last taking the plunge into strategic partnerships as it weighs accepting a deep partnership, even a joint venture and an equity stake, from "frenemy" Delta Air Lines. It will be the first major partnership for Korean Air and the Seoul Incheon hub, and will finally give Delta the Asian JV it has lacked.
Korean Air quietly bet the house on an Asia-North America transfer business, but now needs a friend as airlines in mainland China and elsewhere add rapid growth to the trans-Pacific. In the space of five years Cathay Pacific and Air Canada have overtaken Korean Air, while China's airlines have gone from being collectively smaller than Korean Air to nearly three times as large.
Delta has brought back Korean Air's codeshares and in a possible peace offering is giving Korean Air more codeshare access than ever before. Korean Air receives critical behind gateway feed, and a reminder of what more can be achieved with Delta as a friend. From having no codeshares in 2015, in 2017 Korean Air is now Delta's largest non JV codeshare partner.