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).