Air China intends to make Air China Cargo its wholly owned subsidiary and is negotiating with Beijing Capital Airport to purchase the latter's 24% stake in the country's largest cargo carrier. "We did talk with Beijing Capital Airport about the purchase of their shares in the Air China Cargo carrier, but so far no substantial progress has been made," CA Board Secretary Huang Bin revealed. In December, CA announced plans to raise its stake in Air China Cargo to 76% from 51% through the ...

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