Cathay Pacific Cargo is planning on building its own dedicated cargo handling facility at Chek Lap Kok. It will be the biggest facility of its kind in the world capable of handling 5 million tonnes of cargo annually upon reaching design capacity. The current biggest facility is SuperTerminal 1 also located at HKG & operated by HACTL and its maximum capacity is 3.5m tonnes annually.
Very good news for a carrier that is showing no signs of slowing down. Interestingly terminal handling costs are the second biggest costs for Cathay after fuel.
"Cathay Pacific Airways Ltd, Asia's third-largest freight carrier, plans to build the world's biggest air cargo terminal in Hong Kong to meet growing demand and lower costs."
"Cathay Pacific, which operates from the world's second-busiest airport by cargo volume, wants its own terminal as rising global trade increases air freight moved through Hong Kong. The airline is also seeking to cut costs to compete with airports in Guangzhou and other southern Chinese cities."
"The city is facing competition from Guangzhou's Baiyun airport, which opened in August 2004. FedEx Corp, the No 2 US package-delivery company, is building a US$150 million hub at Baiyun to replace its facility at Subic Bay in the Philippines"