Air China Cargo fleet will be looked into

Cathay Pacific’s loss-making cargo venture prompts a rethink about B747-400 converted freighters

49 per cent stake Air China Cargo B747-400 converted freighters Cathay Pacific John Slosar

Prompted by the losses suffered by Cathay Pacific Airways’ cargo venture with Air China Cargo, the management is planning to take a look at the Air China fleet. According to Cathay Pacific chief executive John Slosar, Air China Cargo will have to decide on which aircraft will lead it to profits. Cathay is giving four of its B747-400 converted freighters as payment for the 49 per cent investment to Air China which it will replace with new models.