China's cargo industry appears to be moving toward consolidation as airfreight players look to mitigate damage from continuing losses that have resulted from the global economic downturn. According to an industry insider, Chinese logistics giant Sinotrans has signed a cooperative agreement with China Eastern Airlines and "is considering selling some or all of its stake" in Grandstar Cargo International Airlines, the joint venture carrier it launched with Korean Air last year (ATWOnline, June ...

Subscribe to Access this Entire Article

"Led by Sinotrans, China's air cargo industry consolidating" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.