[photopress:logistics_air_china_cargo_1_2.jpg,full,alignright]Air China has bought a 25% stake of Air China Cargo for about US$116 million from Citic Pacific and raised its shareholding in the company to 76%.
Air China Cargo is China’s biggest air cargo airline by capacity and about 10 Boeing 747 freighters mainly on international routes and also uses the cargo holds of Air China’s international passenger aircraft to transport cargo.
Air China expects a further growth in the Chinese air cargo business.
The cargo airline is also 24% owned by Beijing Capital Airports Holding, which operates Beijing’s international airport.
Source: CargoNews Asia