The Board of the Airport Authority Hong Kong has
accepted a proposal from Cathay Pacific Services to defer the completion
of its new cargo terminal by a maximum of 24 months to mid 2013.
In March 2008, a non-exclusive, 20-year
franchise was awarded to Cathay Pacific Services Limited, a wholly
owned subsidiary of Cathay Pacific Airways, to operate a new cargo
terminal at Hong Kong International Airport. The facility was
originally scheduled for opening in the second half of 2011.
A Cathay spokesman said that the decision to
apply for the deferral of the cargo terminal was taken in response
to market conditions brought about by the global economic