Air Hong Kong leases Airbus A330 cargo jet from US provider

Corporate Action
โดย FreightWaves·Read original
Summary · why it matters

Air Hong Kong, a freighter subsidiary of Cathay Pacific Airways, has signed a lease with Ohio-based Air Transport Services Group for an Airbus A330 passenger-converted cargo jet, bringing its all-A330 fleet to 15 aircraft. The parent company announced the transaction on Thursday, saying Air Hong Kong will preliminarily use the new medium widebody aircraft to serve mainland China and other regional destinations on behalf of leading customer DHL Express. The A330 freighter will join Air Hong Kong's fleet in the fourth quarter. The deal is noteworthy for ATSG because it is only the third A330-300 the company has paid to convert to cargo configuration and placed with a customer.

Impact on stocks 3

Industrials▲ · 3 stocks
Cathay Pacific Airways Limited
0293
▲ PositiveDemandrelevance

Air Hong Kong, a Cathay Pacific subsidiary, leases an A330 freighter to serve DHL Express, boosting cargo capacity and revenue.

Deutsche Post AG
DHL
▲ PositiveDemandrelevance

DHL Express is the leading customer for Air Hong Kong's new A330 freighter, indicating increased demand for DHL's air cargo services.

Airbus Group SE
AIR
▲ PositiveDemandrelevance

Airbus A330 aircraft is leased and converted to freighter, demonstrating continued demand for the A330 platform.

Off-coverage companies 1

Air Transport Services GroupPrivate▲ Positive
Demandrelevance

ATSG leases an A330-300 converted freighter to Air Hong Kong, its third such conversion and placement, generating revenue and validating its conversion program.

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