AI cargo props up air cargo market amid warnings of an early peak
Booming AI-related shipments are offsetting weaker ecommerce demand in air cargo, with analysts warning geopolitical ...
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By Alex Lennane
It all seems to be pretty messy at the moment, in Hong Kong’s aviation sector. The latest news is that Cathay Pacific is holding off on its first $153m payment for Hong Kong Express, over concerns about the ownership of three 747 freighters. Cathay had, reportedly, told the carrier to get rid of the freighters which were bought under “legally dubious circumstances”, reported CH Aviation. While Hong Kong Express owns them, one is operated by Turkey’s AirACT on behalf of Saudia Cargo, and another is operated by Suparna. Ultimate owner HNA Group had asked Avolon, in which it has a stake, to buy the aircraft – but the lessor refused. Messy indeed.
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