Air China/Cathay JV clears hurdle

The proposed airfreight joint venture (JV) between Air China and Cathay Pacific has been given approval by China’s National Development and Reform Commission, but the deal still needs confirmation from the Chinese Ministry of Commerce that it meets anti-trust requirements. With this recent approval the Shanghai-based JV, 51 per cent owned by Air China and […]


air cargo joint venture Air China Cathay Pacific National Development and Reform Commission


The proposed airfreight joint venture (JV) between Air China and Cathay Pacific has been given approval by China’s National Development and Reform Commission, but the deal still needs confirmation from the Chinese Ministry of Commerce that it meets anti-trust requirements. With this recent approval the Shanghai-based JV, 51 per cent owned by Air China and 49 per cent by Cathay Pacific, could be in place as soon as the fourth quarter this year, say industry analysts. Air China/Cathay JV clears hurdle Air Cargo World understands Cathay will eventually pass its four B747-400 freighters over to ACC control The proposed airfreight joint venture (JV) between Air China and Cathay Pacific has been given approval by China’s National Development and Reform Commission, but the deal still needs confirmation from the Chinese Ministry of Commerce that it meets anti-trust requirements. With this recent approval the Shanghai-based JV, 51 per cent owned by Air China and 49 per cent by Cathay Pacific, could be in place as soon as the fourth quarter this year, say industry analysts. Initially four of Cathay’s B747-400 freighters will be transferred to the JV.