Big plans for Air China Cargo JV: Slosar

Cathay Pacific aims to make its joint venture cargo airline, Air China Cargo, one of the largest airlines in the world, according to Cathay Pacific Airways chief executive John Slosar. Cathay has a 49 per cent stake in the cargo airline after forming a joint venture with Air China in 2010.


Big plans for Air China Cargo JV: Slosar


Cathay Pacific aims to make its joint venture cargo airline, Air China Cargo, one of the largest airlines in the world, according to Cathay Pacific Airways chief executive John Slosar. Cathay has a 49 per cent stake in the cargo airline after forming a joint venture with Air China in 2010.

“Our goal is to make Air China Cargo one of the largest and efficient cargo airlines in the world,” Slosar said of future plans for the cargo carrier in an interview with Xinhua News Agency. “Wherever the cargo needs to move, Air China Cargo would like to be there servicing. Air China is absolutely our number one strategic partner,” he added.

While making the significant investment in the Chinese mainland’s air cargo market, Cathay itself remains committed to Hong Kong and its cargo future.

Cathay’s new cargo terminal is under construction at the Hong Kong International Airport by which will open in the beginning of next year. It will be one of the largest cargo terminals in the world with a capacity of about 2.6 million tonnes each year. “It’ll be world class in terms of efficiency and energy consumption,” Slosar said.

In addition, Cathay Pacific Cargo has taken delivery of six new B747-8 Freighters with four to be delivered and another eight B777 Freighters on order. “It’ll give us a large and very fuelefficient and low-cost freighter network to help us continue to build the cargo business,” he said.