Lufthansa Cargo will expand its foothold in China with a joint venture with Hua Yu Air Cargo Terminal Co. at Tianjin Binhai. A new 90,000-sq.-m. air cargo center is expected to become operational this year and will offer the capacity to handle 360,000 tons of cargo annually. LHC will own a 46% stake in HYACT while Taiwanese investor Hwa-Hsia International Holding will hold 49% and Tianjin Airport International Logistics will have the remaining 5%. Tianjin's growing importance as a Chinese ...

Subscribe to Access this Entire Article

"Printer-friendly" 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?

Already registered? here.