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News - Thursday, January 21, 2010
Air China gets government cash infusion
The Chinese government has approved a 1.5 billion yuan capital injection into Air China, which will give a push to the air cargo joint venture with Cathay Pacific Airways. The Beijing-based carrier - China's largest international carrier - will receive the funds from its controlling shareholder China National Aviation Holding Co. Air China will use the capital to acquire a minority interest in its cargo unit, Air China Cargo, the airline said in a statement. Launched in 2003, Air China Cargo initially had three shareholders, including Air China with a 51 per cent stake, CITIC Pacific Ltd with a 25 per cent stake and Capital Airports Holding Co with a 24 per cent share. |
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- 5 Mar 2010 |
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- 5 Mar 2010 |
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- 1 May 2007 |
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- 1 May 2007 |
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- 1 May 2007 |
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