Loading
17-May-2010 11:39 AM

Consolidation of Chinese cargo units and State capital injection not a rumour: Air China

Air China Chairman, Kong Dong, stated that recent media reports the State-owned Assets Supervision and Administration Commission plans to lead the freight consolidation of China’s "big three" airlines and inject a "considerable" amount of capital into the new freight company is "not a rumour" (AirNews.cn, 14-May-2010). The new cargo company will be headquartered in Shanghai. Air China and Cathay Pacific are planning to establish a Shanghai-based cargo venture.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More