12-Dec-2005 1:03 PM
Shanghai Airlines to estabish a Freight subsiduary
Analysis
SYDNEY (Centre for Asia Pacific Aviation) - Shanghai Airlines announced plans to establish a JV freight subsidiary, subject to CAAC approval Details include:
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Name: Shanghai International Cargo Airlines Co Ltd;
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Fleet: One MD-11F and two converted B757-200Fs;
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Network: Undisclosed domestic and international routes;
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Registered capital: CNY124.1 million;
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Investors:
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Shanghai Airlines: CNY68.2 million for a 55% shareholding;
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Sino Prime Ltd: Shareholding not disclosed;
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Juniper Estate BV: Shareholding not disclosed.
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