Cathay can capitalises on components

Cathay Pacific is to greatly expand its freighter fleet with the addition of 13 aircraft. A move which may have a positive effect on bringing down high cargo costs from Asia.

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By  Paul Barthram Published  January 28, 2004

Cathay Pacific is to greatly expand its freighter fleet with the addition of 13 aircraft including one new 747-400F and at least six 747-400 converted passenger fleet planes. The new freighter will be delivered in February 2005, while deliveries of the converted aircraft will begin in December 2005. The airline's decision to focus on cargo reflects both the tremendous growth in the air cargo market across Asia, as well as concerted efforts to compensate for the uncertainties of passenger traffic created by SARS. With fluctuations of passenger numbers over the past year, the industry considers strengthening the cargo side of an airline's business a sound financial judgement due to the growth of international cargo trade. The move by Cathay Pacific to freight should increase competition among airlines fighting for customers in Asia, and this should inevitably bring down costs for the transportation of goods. This is a positive development for IT distributors and vendors in this region looking to cut costs and times on delivery procedures. Cathay Pacific serves many key locations across Asia that either distribute or manufacture IT goods and components bound for the Middle East and African markets.

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