Cathay Pacific to Defer Completion of New HK Cargo Terminal

Cathay Pacific to Defer Completion of New HK Cargo Terminal

*Travel News Asia*	*Latest Travel News*	*Podcasts*	*Friday, 16 January 2009*

The Board of the Airport Authority Hong Kong has accepted a proposal from Cathay Pacific Services to defer the completion of its new cargo terminal by a maximum of 24 months to mid 2013.

In March 2008, a non-exclusive, 20-year franchise was awarded to Cathay Pacific Services Limited, a wholly owned subsidiary of Cathay Pacific Airways, to operate a new cargo terminal at Hong Kong International Airport. The facility was originally scheduled for opening in the second half of 2011.

A Cathay spokesman said that the decision to apply for the deferral of the cargo terminal was taken in response to market conditions brought about by the global economic downturn.

See other recent news regarding: Airlines, Aviation, Flights, Hotels, Promotions, New Hotels, Cargo, Cathay Pacific, Hong Kong, Hong Kong Airport

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