Air Transport Services Group, Inc. (ATSG), a provider of aviation leasing, cargo and passenger air transportation, aircraft maintenance, and aviation services, has announced that Air Hong Kong, a member of the Cathay Group, has entered into a long-term lease agreement for an Airbus A330 Passenger-to-Freighter (A330P2F) aircraft owned by ATSG subsidiary Cargo Aircraft Management, Inc. (CAM).
The aircraft is expected to enter service during the fourth quarter of 2026 and will support Cathay Cargo’s regional freight network serving the Chinese Mainland and other destinations throughout Asia.
Agatha Lee, Air Hong Kong Chief Operating Officer, said: “We look forward to welcoming this newest addition to our fleet, which will enable Air Hong Kong to leverage the opportunities presented by the Three-Runway System at Hong Kong International Airport to expand our presence in the region.
This marks an exciting chapter for Air Hong Kong as we expand our business to support the ongoing development of the Hong Kong international aviation hub.”
The agreement strengthens ATSG’s presence in the Asia-Pacific region, one of the world’s most important and fastest-growing air cargo markets, while supporting Cathay Cargo’s continued network expansion and capacity growth strategy.
Greg Mays, President and Chief Executive Officer of ATSG, said: “This placement reflects the growing demand for efficient widebody freighter capacity across the Asia-Pacific region and underscores the strength of ATSG’s leasing platform,”.
“Cathay Cargo and Air Hong Kong are recognised leaders in global air cargo, and we are proud to support their continued growth with a proven freighter solution.
“Hong Kong remains one of the world’s most important cargo gateways, and this transaction aligns with ATSG’s strategy to expand our relationships with premier operators in key international markets.”
The Airbus A330P2F has become an increasingly attractive solution for cargo operators seeking fuel-efficient regional and medium-haul freighter capacity. The aircraft’s payload capability, operational flexibility, and economics make it well suited for high-frequency cargo operations throughout Asia.
Andy Lawrence, President of Cargo Aircraft Management, said: “Air Hong Kong’s selection of this A330P2F demonstrates the value proposition the platform offers operators looking to expand and modernise their fleets,”.
“We are pleased to support the Cathay Group with this aircraft and look forward to building upon our relationship in the years ahead. The A330 freighter continues to generate strong interest globally as operators seek efficient solutions to meet evolving cargo demand.”