Grandstar Cargo International Airlines (GD), the joint venture launched by Sinotrans Air Transportation Development Co. and Korean Air (KE) (ATW Daily News, June 30, 2008), is expected to be liquidated due to continuous operating losses. According to a company insider, the cargo carrier has a total debt of CNY380 million ($59.5 million). Early this year, GD suspended operations while Sinotrans and KE looked for investors to takeover, to no avail. Other Chinese cargo carriers are also ...

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