newstodate.aero
SEP 16, 2003 (newstodate): Air China plans to build the country's largest airfreight company in cooperation with Hong Kong Citic Taifu Company and Beijing Capital Airport Group.
According to official Chinese sources, the joint venture, with a capital of 2.2 billion yuan (US$270 million), will own four Boeing-747 cargo planes and employ about 1,200 staff. The air routes will reach 29 cities, including New York and Frankfurt, in 19 countries.
Air China's annual cargo business is worth more than three billion yuan (US$370 million), corresponding to a quarter of its total income.
According to official Chinese sources, the joint venture, with a capital of 2.2 billion yuan (US$270 million), will own four Boeing-747 cargo planes and employ about 1,200 staff. The air routes will reach 29 cities, including New York and Frankfurt, in 19 countries.
Air China's annual cargo business is worth more than three billion yuan (US$370 million), corresponding to a quarter of its total income.