Cathay Pacific Extends Cargo Partnership Framework With Air China Cargo to 2029

Cathay Pacific Airways ( (HK:0293) ) has issued an update.

Cathay Pacific Airways has confirmed that its framework agreement with Air China Cargo will automatically renew for a further three-year term from 1 January 2027 to 31 December 2029, with an updated scope of service arrangements for the renewal period. The framework governs a suite of cargo-related cooperation deals, including sales agency, block space, ground handling, software, code-sharing, cost-sharing and property leases between members of the Cathay Group and Air China Cargo Group.

The transactions are classified as continuing connected transactions under Hong Kong listing rules, triggering reporting, annual review and announcement obligations while remaining exempt from circular and independent shareholder approval requirements due to their size. By extending and standardising these arrangements through 2029 on normal commercial terms, Cathay Pacific reinforces its cargo partnership with Air China Cargo, supporting operational efficiency and network breadth in its freight business while maintaining regulatory compliance.

The most recent analyst rating on (HK:0293) stock is a Buy with a HK$14.90 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.

More about Cathay Pacific Airways

Cathay Pacific Airways is a Hong Kong-based international airline operating passenger and cargo services, with Cathay Group active across air transport and logistics. The carrier competes in global aviation markets and works with strategic partners such as Air China Cargo to extend cargo reach, optimise capacity and provide freight, handling and logistics solutions across key Asian and international routes.

Average Trading Volume: 15,648,376

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$71.64B

For an in-depth examination of 0293 stock, go to TipRanks’ Overview page.