Grandstar Cargo International Airlines (Tianjin) has suspended operations and will be liquidated. Sinotrans has reported the board of Grandstar Cargo International Airlines has approved plans to liquidate after continued losses according to the WSJ. Grandstar Cargo was jointly owned by a unit of Sinotrans and Korean Air. Grandstar Cargo commenced cargo operations on June 27, 2008.

Copyright Photo: Ton Jochems.

Grandstar Cargo: