CATHAY SIGNS DEAL WITH ATLAS
Hong Kong-based airline Cathay Pacific Airways has signed an agreement
with Atlas Air for the short-term lease of a B747 freighter.
Cathay will use the freighter to provide extra lift for its cargo
customers during the upcoming peak transpacific air freight shipping season.
Atlas said the deal signals expectations for a strong Asian market
during the last six months of the year.
Atlas flies freighters for the world’s airlines under wet-lease, or ACMI
lease, agreements, which cover aircraft, crew, maintenance and insurance.