Cathay Pacific is starting a twice weekly air freight service from Calgary this fall.
The airline will deliver oil machinery and perishables from Calgary to Hong Kong using 747 jumbo jets. The airline says it will encourage the flow of goods between Canada and Asia.
"This is Cathay Pacific, one of the premium players in Asia. They don't serve Calgary with passenger service at all, they're serving strictly with the freighter, and they are a very large player with 25 or more of these large freighters. They fly to about 40 different destinations throughout Asia," said Rick Erickson, an airline analyst.
Erickson says Calgary makes about $150 million a year handling cargo.
The Calgary Airport Authority says developing the airport's cargo facilities will allow businesses in western Canada to further position themselves on a global scale.
In June 2013, Cathay Pacific pleaded guilty to conspiring with other airlines to fix the prices of navigation surcharges on cargo flown to and from Canada.
The airline was fined $1.5 million for its participation in the price-fixing scheme, which occurred between 1999 and 2003.
Several other airlines, including Air France, KLM, Qantas and British Airways, also pleaded guilty for participating in the scheme.