Air China eager to set up Shanghai cargo carrier

China’s Air China is set to buy East Star Airline and also is negotiating with Cathay Pacific and China Eastern subsidiary China Cargo Air to establish a joint venture cargo airline in Shanghai, according to a report in Chinastakes.com. Air China chairman Kong Dong, who also is general manager of Air China Group, Air China’s […]


Air China Cathay Pacific China Cargo Air China Eastern Shanghai


China’s Air China is set to buy East Star Airline and also is negotiating with Cathay Pacific and China Eastern subsidiary China Cargo Air to establish a joint venture cargo airline in Shanghai, according to a report in Chinastakes.com. Air China chairman Kong Dong, who also is general manager of Air China Group, Air China’s parent company, said the buyout deal – with the nine plane, 10 route East Star Airline – would be finalised soon. East Star is believed to owe Hangzhou Xiaoshan Airport more than 3.8 million yuan. Kong said Air China also wants to set up a cargo airline based in Shanghai and was talking with Cathay Pacific and China Cargo Airlines. Previously, China Eastern had expressed interest in setting up a cargo airline in Shanghai jointly with Cathay Pacific.