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Shanghai Airlines to estabish a Freight subsiduary

SYDNEY (Centre for Asia Pacific Aviation) - Shanghai Airlines announced plans to establish a JV freight subsidiary, subject to CAAC approval Details include:

  • Name: Shanghai International Cargo Airlines Co Ltd;
  • Fleet: One MD-11F and two converted B757-200Fs;
  • Network: Undisclosed domestic and international routes;
  • Registered capital: CNY124.1 million;
  • Investors:
    • Shanghai Airlines: CNY68.2 million for a 55% shareholding;
    • Sino Prime Ltd: Shareholding not disclosed;
    • Juniper Estate BV: Shareholding not disclosed.

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