When Cathay Pacific opened a massive new cargo terminal and ordered three more Boeing 747-8 freighters in 2013, it seemed to be taking a major risk. At that time, the air freight industry was in the doldrums with no end in sight. But Cathay persevered with its expansion plans and bet that cargo demand would come roaring back. Fast-forward to 2015, and Cathay’s bold moves have been justified. Cargo demand is growing again, and the new aircraft and Hong Kong cargo hub are helping the ...

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