Air China plans to raise its stake in Air China Cargo to 76% from 51% in order to pave the way for its joint venture with Cathay Pacific Airways (ATWOnline, April 17, 2007). According to a CA statement, it will acquire the share through the purchase of Gold Leaf Enterprise Holdings' stake in Air China Cargo shareholder Langxing Co. Beijing Capital Airport holds the remaining 24% and is in negotiations with CA about a sale that would make the country's largest cargo carrier the flag carrier's ...

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