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In related news, Air Hong Kong (AHK) confirmed that it will dry lease at least three 747-400BCFs from Cathay Pacific. Air Hong Kong, a 60/40 joint venture of Cathay and DHL, currently operates eight A300-600Fs and ACMI leases a 727-200F from Malaysia-based Transmile Air Services. AHK mainly flies for DHL, and will use the new freighters for DHL traffic. In fact, AHK pilots have already begun their training to begin flying the 747 freighters “within a couple of weeks.” AHK also has an option on a fourth 747-400 freighter from Cathay, and all signs indicate that it will exercise the option and add the freighter to its fleet (Cathay officials talk about the fourth freighter as if it were already in AHK’s hangar). Cargo Facts also spoke to DHL officials who said they will approve the dry lease of the fourth aircraft. Finally, AHK officials themselves implied that taking the option was all but a done deal, and Cargo Facts expects AHK to exercise the option within the next several weeks.