Air China unveiled details of the new cargo airline it plans to operate in partnership with Cathay Pacific Airways (ATWOnline, Jan. 11), to be based on the existing China Cargo Airlines that flies out of Beijing. The new carrier, in which CA will hold a 51% stake, is scheduled to launch in June and will hub in Shanghai. CA currently holds 51% of CCA, while Citic Pacific and Beijing Capital Airport Group have stakes of 25% and 24% respectively. "We are discussing with Citic Pacific and ...

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