China Eastern Airlines plans to sell its 51% stake in subsidiary China Cargo Airlines to subsidiary Shanghai Eastern Logistics Co. The CNY951 million ($150.7 million) deal is another step toward consolidating its cargo business. Shanghai-based China Cargo Airlines operates a fleet of 19 aircraft, comprising six Boeing 777Fs, five 747Fs, three MD-11Fs, two 757Fs and three Airbus A300F on 16 international routes. China Cargo reported a net loss of CNY637 million as of Nov. 30 ...

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