Cathay Pacific Cargo The Italian Air Cargo Market Conference 5-6 Luglio Pisa

Politiche di Presenza in Europa e in Italia di un Vettore Dell’Eastremo Oriente

World Wide Strategy Freighter Network European Focus Italy and Cathay Pacific The Future

All “Roads” lead to Hong Kong, and through Hong Kong

System Split

All “Roads” lead to Hong Kong, and through Hong Kong Heavy Focus on N. Asia / Europe SEA Demand Mainly Satisfied with High Wide Body Passenger Aircraft Frequency.

CX Cargo Capacity by Region CX Cargo Capacity by Region

All “Roads” lead to Hong Kong, and through Hong Kong Heavy Focus on N. Asia / Europe SEA Demand Mainly Satisfied with High Wide Body Passenger Aircraft Frequency. N. America and Europe Growing Fast

Asian Markets Lead Growth % Growth Source: Boeing

Change in World Air Cargo Market Share Source: Boeing 1999

World Wide Strategy Freighter Network

Eur X 31 Departures Weekly N.A. X 26 Aust X 4 JPN/Twn X 17 KOR X 5 PEN X 2

World Wide Strategy Freighter Network European Focus

Due to trade volumes and trade growth with Hong Kong, Europe has been major focus since 1981 Historical connection to Europe due originally European company Major European industries set-up “off- shore” production in Hong Kong and Southern China

18 B747-Freighter flights Europe-HKG per week. 11 x FRA 4 x LHR 3 x CDG Up to 31 June 2002

29 B747-Freighter flights Europe-HKG per week. 11 x FRA 4 x LHR 3 x CDG After 01 Jul x BRU 6 X MAN

31 B747-Freighter flights Europe-HKG per week. 11 x FRA 4 x LHR 3 x CDG After 05 Aug x BRU 6 X MAN 2 x MXP

32 times Europe HKG per week. 7 x FRA 11 x LHR 7 x CDG 4x ROM 5 x AMS Passenger Services

World Wide Strategy Freighter Network European Focus Italy and Cathay Pacific

Italy is an important market for Cathay Pacific Hong Kong SAR is Italy’s third largest Asian Air Freight partner

Italy - Asia Air Cargo Tonnage Split (two-way) Source Boeing 1999

Germany - Asia Air Cargo Distribution (two-way) Source: Boeing 1999

Italy and Cathay Pacific Italy is an important market for Cathay Pacific Hong Kong SAR is Italy’s third largest Asian Air Freight partner No Directional Imbalance between Italy and Hong Kong

Westbound Directionality Europe Westbound % of total tonnage Source Boeing 1999

Italy and Cathay Pacific Italy is an important market for Cathay Pacific Hong Kong SAR is Italy’s third largest Asian Air Freight partner Directional Imbalance between Italy and Hong Kong is minimal Market is growing faster than MD capacity

MD Capacity Growth vs Tonnage Growth (Asia/Europe) Source Boeing 1999

Italy and Cathay Pacific Italy is an important market for Cathay Pacific Hong Kong SAR is Italy’s third largest Asian Air Freight partner Directional Imbalance between Italy and Hong Kong is minimal Market is growing faster than MD capacity Customers are asking for more capacity into and out of Italy

World Wide Network Freighter Network European Focus Italy and Cathay Pacific The Future