CX & ACC JV
I think it's everywhere that cargo is not doing as well as foreseen in pre 2008 projections.
But CX/ACC is probably doing as good as, if not better than the China Cargo/C Southern/Great Wall JV.
The potential in China is huge, better to be on the Cathay/Air China side of the fence. If anything is sure about China, it's better to be on the side of the powers that be, than not.
It looks like Cathay will have the 747-8 fleet, and ACC the 777F fleet while retaining a nominal number of 747-400F's/747-8's.
Agreed Capt U pants, there's loads a $$$$ in freight. FedEx UPS etc. say no more.