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CAAC could inject "considerable" amounts of capital in a potential new cargo company: report

3-May-2010 12:18 PM

CAAC reportedly supports the State-owned Assets Supervision and Administration Commission’s push for the consolidation and integration of the cargo company of China’s 'Big Three' airlines and will reportedly inject “considerable” capital in the potential establishment of a new cargo company, "in order to capture the opportunities brought on by the recovery of the air cargo industry, particularly in the Asia Pacific region" (China Times, 30-Apr-2010). China Southern Airlines Chairman, Si Xianmin, reportedly stated that the carrier plans to expedite the integration of its cargo operations with that of future SkyTeam partner, China Eastern Airlines, and has received full support from CAAC.