Air Hong Kong was founded in November 1986 by three local businessmen and commenced charter services with a Boeing 707-320C freighter on 4 February 1988. In June 1994, Hong Kong's largest carrier, Cathay Pacific acquired 75% holdings of the airline; and acquired the remaining 25% in February 2002. In October, Cathay Pacific entered into a joint venture with DHL Worldwide Express (DHL), that eventually saw DHL take a 40% stake in the cargo airline, while Cathay Pacific retained the other 60% holding.
In 2017, Cathay Pacific
entered into an agreement with DHL International for
Cathay Pacific to acquire from DHL International the 40%
shareholding in Air Hong Kong that it did not already own.
This agreement was completed at the end of 2018, with
the result that Air Hong Kong is now a wholly owned
subsidiary of Cathay Pacific. Air Hong Kong continues to
operate an agreed freighter network to destinations in
Asia for DHL International.[2]
History
The head office of Air Hong Kong is within the Cathay Pacific City complex.Old Air Hong Kong logo
Air Hong Kong was established in November 1986 by three local businessmen from London's Stansted Airport, which included Roger Walman. Roger teamed up with Tomas Sang from Hong Kong to help fund the business. The airline commenced charter services with a Boeing 707-320C freighter on 4 February 1988, to Bombay (now known as Mumbai), Britain and Kathmandu; and scheduled services began on 18 October 1989. By early 1990, the airline had two Boeing 707-320C and operated a scheduled cargo service to Manchester, with traffic rights to Auckland, Brussels, Fukuoka, Guam, Melbourne, Nagoya, Osaka, Perth, Busan, Singapore, Sydney, Vienna and Zürich.[3][4] Schedule cargo service to Nagoya was introduced and new traffic rights to Hanoi and Ho Chi Minh City granted by April 1991.[5] In March 1992, Air Hong Kong was granted additional traffic rights to Cairns, Darwin, Dhaka, Dubai, Kathmandu, Kuala Lumpur and Townsville. By March 1993, the airline operated scheduled cargo services to Brussels, Dubai, Ho Chi Minh City, Manchester, Nagoya and Singapore with a fleet of two Boeing 747-100SF and one Boeing 707-320C freighters.[6]
Polaris Aircraft Leasing, a subsidiary of General Electric Capital, entered into agreement in 1993 to suspend lease payments on the airline's three Boeing 747-100SFs in return for an option to buy up to 49 percent of the airline in January 1995. However, Cathay Pacific acquired 75 percent of the airline's shares for HK$200 million in June 1994 and the option was cancelled.[7][8] Facing weak demands and heavy financial losses, the airline was forced to terminate the lease on its Boeing 707-320C and one of its Boeing 747-100SF in November 1994 and January 1995, respectively, with only two Boeing 747-100SFs remaining.[9] By 2000, the airline had a fleet of three Boeing 747-200Fs with scheduled cargo services to Brussels, Dubai, Manchester and Osaka.[10]
The airline's parent, Cathay Pacific, acquired the remaining 25 percent of the airline's shares in February 2002 and became a wholly owned subsidiary. An operational restructure followed on 1 July, where Air Hong Kong ceased services to Brussels, Dubai and Manchester to focus on services in Asia. In October 2002, Cathay Pacific entered into a joint venture agreement with DHL Worldwide Express (DHL) by selling a 30 percent stake in the cargo airline in exchange for funds to purchase medium-size freighters to operate DHL's network in the Asia-Pacific region from Hong Kong. The airline set aside $300 million to purchase five freighters by 2004 and another $100 million towards at least three more freighters by 2010. In March 2003, Cathay Pacific sold another 10 percent stake to DHL and retained 60 percent of the airline.[8][11]
Air Hong Kong was the launch customer for the Airbus A300-600F General Freighter, which is a new variant of the Airbus A300-600F. This new variant has a cargo loading system capable of handling virtually every type of container and pallet, and a side door at the rear of the lower deck capable of handling large items of general freight. The airline took its first delivery of this new aircraft in September 2004, with the eighth and final aircraft delivered on 22 June 2006. The new freighters were powered by two General Electric (GE) CF6-80C2 engines and signed a 14-year Maintenance Cost Per Hour (MCPH) programme with GE on 25 January 2005.[12][13][14]
In November 2007, Air Hong Kong received an Award for Operational Excellence by the aircraft manufacturer Airbus for achieving an overall best performance on aircraft utilisation, operational reliability and average delay time.[15]
Destinations
Air Hong Kong operates cargo flights to the following destinations as of 29 October 2023[update]:[16]
In 2020, Air Hong Kong transferred a second A330F to its own air operator's certificate. While the first was a freighter-converted A330-322F, the latest is a production A330-243F.[18] ASL Airlines is currently operating one converted A330-322F for Air Hong Kong, while another aircraft an A330-343F, is being converted at EFW in Dresden. It is unknown when the fourth aircraft will be introduced into the network or when the current aircraft (being operated by ASL Airlines) will transfer under Air Hong Kong's AOC. The program is currently behind schedule.
The airline was the launch customer for the Airbus A300-600F General Freighter, which was the new variant of the Airbus A300-600F.[19]
^"Directory: World Airlines." Flight International. 16–22 March 2004. 65Archived 26 September 2018 at the Wayback Machine. "AIR HONG KONG [LD1 (AHK) 4F South Tower; Cathay Pacific City, 8 Scenic Road, Hong Kong International Airport, Lantau, Hong Kong (SAR), China"
^"World Airline Directory 1990". Flight International. Reed Business Information. 14–20 March 1990. p. 56. Archived from the original on 16 May 2010. Retrieved 29 July 2009.
^"World Airline Directory 1991". Flight International. Reed Business Information. 27 March – 2 April 1991. p. 54. Archived from the original on 19 October 2012. Retrieved 29 July 2009.
^"World Airline Directory 1993". Flight International. Reed Business Information. 24–30 March 1993. p. 58. Archived from the original on 19 October 2012. Retrieved 29 July 2009.
^"Cathay plans Air Hong Kong take-over". Flight International. Reed Business Information. 30 March – 5 April 1994. p. 6. Archived from the original on 19 October 2012. Retrieved 29 July 2009.
^ ab"Air Hong Kong". Air Hong Kong. Archived from the original on 9 September 2010. Retrieved 29 July 2009.
^"World Airline Directory 2000". Flight International. Reed Business Information. 4–10 April 2000. p. 60. Archived from the original on 13 May 2011. Retrieved 29 July 2009.
^Fullbrook, David (15–21 October 2002). "Cathay and DHL seal cargo tie-up". Flight International. Reed Business Information. p. 11. Archived from the original on 19 October 2012. Retrieved 29 July 2009.
