Grandstar Cargo International Airlines, the Korean Air/Sinotrans joint venture airfreight carrier based in Tianjin, operated its inaugural flight Friday to Frankfurt using a 747-400 freighter. KE and the Chinese logistics firm first announced plans for the airline in 2006 and gained CAAC approval in July 2007. It is 51% owned by Sinotrans Air Transportation Development Co., 25% by KE, 13% by Hana Capital Co. and 11% by Shinhan Capital Co. "Its business scope covers domestic and ...
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