Grandstar Cargo officially started its operation at Tianjin Binhai International Airport with the arrival of its first B-2427 B747-4B5F all-cargo aircraft.
Grandstar Cargo International Airlines was established in December 2007 as a joint venture between:
* Sinotrans Air Transportation Development (51%)
* Korean Airlines (25%)
* Hana Capital(13%)
* Shinhan Capital (11%).
The total investment for the new cargo airline is $195 million with a registered capital of $65 million.
With its head office and base in Tianjin, Grandstar Cargo operates domestic and international cargo/mail transport, leasing and maintenance of its own aircraft, charter flights, export and import trade services and related ground services.
Source: AIrCargo Asia Pacific