Cathay Pacific and Air China transferring 10 744Fs to new joint venture cargo carrier
Cathay Pacific and Air China will set up a new joint venture cargo airline based in Shanghai by early 2010. Air China will own 51% of the new cargo carrier and CX owns 49%. The two airlines will transfer up to 10 of their Boeing 747-400F aircraft to the joint venture.
The new cargo airline will become the largest cargo airline in China.
Cathay Pacific and Air China transferring 10 744Fs to new joint venture cargo carrier
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