Cathay Pacific Airways has announced it has reached an agreement with Airport Authority Hong Kong (AAHK) to delay the completion of its new cargo terminal by up to two years to mid-2013. The terminal had originally been scheduled for opening in the second half of 2011. Cathay said the decision "was taken in response to market conditions brought about by the global economic downturn" and that it is aimed at "better matching supply and demand in the airfreight business given the current market … [Read more...] about Cathay gets OK to delay new cargo terminal by 24 mths