Freighters to Air China?
Cathay-Air China deal closer PDF Print E-mail
Monday, 19 October 2009
Negotiations between Cathay Pacific Airways Limited, Dragonair and Air China Limited for the establishment of a joint venture are closer to completion.
The venture will be set up on the platform of Air China Cargo, which has become a wholly owned subsidiary of Air China after the latter acquired the Air China Cargo shares held by CITIC Pacific Limited and Beijing Capital International Airport.
Air China wants Cathay Pacific Airways to place its freighter assets in Air China Cargo and take a 49 per cent stake of the larger entity.