Air China and Cathay Pacific Airways plan to launch their cargo joint venture today or Friday, an industry insider told ATWOnline.
Air China and Cathay Pacific Airways plan to launch their cargo joint venture today or Friday, an industry insider told ATWOnline. CA is expected to be the controlling stakeholder with a 51% stake while CX will hold the remainder. The Beijing carrier plans to launch the venture based on the assets of its Air China Cargo subsidiary. To prepare, it increased its stake in the cargo company to 100% with the CNY718 million ($105 million) purchase of Beijing Capital Airport Holding Co.'s 24% ...
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