News Line

    Go to Home Back
Email this to a friend
Printable version
Friday, November 23, 2012 - 5.20 GMT

Sri Lanka is emerging as regional air freight hub - BMI

 

Cathay Pacific Cargo's choice of Sri Lanka for its latest air freight expansion highlights not only the company's continued focus on new markets in Asia, but the potential for Sri Lanka to increase its air freight role, Business Monitor International (BMI) said.

"BMI has previously highlighted our positive view of Sri Lanka in the shipping sector, with the country well placed to develop as a global transshipment hub for the container shipping sector, and we believe that similar growth opportunities are available in the country's air freight market," the BMI website reported.

Cathay Pacific Cargo will from December 2, offer a freighter service to Bandaranaike International Airport. Cathay Pacific Cargo's parent firm Cathay Pacific has offered belly-hold cargo options on its passenger planes to Sri Lanka.

The service will offer a rotation of Hong-Kong Chennai Colombo Hong- Kong, offering Sri Lankan importers and exporters connections via Cathay Pacific's hub in Hong Kong to rest of Asia, Europe and North America. The freighter service will cater for Sri Lanka's footwear and textile manufacturing sector as well as exports of seafood.

BMI believes that Cathay Pacific Cargo will be part of a vanguard of interest from the air freight sector in Sri Lanka. They have previously highlighted from a shipping perspective that the country is ideally located to develop into a freight and logistic hub for Asia, the Middle East and Africa.

Sri Lanka's role in textiles manufacturing is likely to attract air freight operators, with the retail sector being one of the major clients of the air freight sector. Sri Lanka's macroeconomic outlook also supports our view of the likelihood of increased interest from air freight operators, the website added.

The London based Business Monitor International is an Independent Information Provider in Country Risk & Industry Research field.



 
 
 
   
   
    003
SS
   
   

top

   

Contact Information:: Send mail to priu@presidentsoffice.lk with questions or comments about this web site.
Last modified: November 23, 2012.

Copyright 2008 Policy Research & Information Unit of the Presidential Secretariat of Sri Lanka. All Rights Reserved.