HK contract to lift Transmile earnings
Transmile Group Bhd is a step closer to enhancing
its earnings stream after securing a contract
to lease aircraft to Air Hong Kong.
Sources in the cargo service industry said Transmile
clinched the contract recently and some of its
Boeing 727 planes had already started serving
the route between Hong Kong and Beijing daily.
The contract is like an outsourcing activity.
Transmile was leasing its aircraft and crew
to Air Hong Kong to help the latter transport
cargo between Hong Kong and Beijing, and vice
versa, industry sources told StarBiz.
said this was a lucrative part of the air cargo
business for those with idle capacity, given
the shortage of cargo planes worldwide. Also,
aircraft owners need not worry about load factors.
only dedicated freighter airline in Hong Kong,
Air Hong Kong is 60:40 joint venture between
Cathay Pacific and DHL Express.