China Cargo Airlines (Shanghai) will join the SkyTeam Cargo alliance in June 2013. The cargo alliance is the the world’s largest cargo alliance.
Read the full report by China Daily: CLICK HERE
China Eastern Airlines (Shanghai) and other investors will inject $308 million into their joint venture China Cargo Airlines Company.
China Eastern’s share of the stock will decline to 51percent from 70 percent as it brings in additional investors to fight off inroads in the cargo market by Air China (Beijing).
The China Cargo subsidiary currently operates three Airbus A300 freighters, two Boeing 747-400F freighters, three Boeing 777F freighters and five McDonnell Douglas MD-11F freighters.
Read the full report from the WSJ:
Copyright Photo: Wim Callaert. China Eastern Airlines rolled out this special Expo 2010 promotional logojet on its Airbus A330-343X B-6100 (msn 928) on January 19, 2010 in Shanghai.
China Eastern Airlines (Shanghai) and its wholly-owned subsidiary Shanghai Airlines (Shanghai) are now pushing for consolidation of their cargo subsidiaries according to this published report.
China Eastern’s China Cargo Airlines and Shanghai Airlines’ Shanghai Cargo Airlines would be merged if parent China Eastern can reach agreement with some of the external stockholders of both subsidiaries. China Eastern needs to consult with those shareholders to agree on any restructuring.
Read the full report:
Copyright Photo: Nick Dean. China Cargo Airlines’ brand new Boeing 777-F6N B-2077 (msn 37713) departs from Everett (Paine Field).