Asia/Pacific

AIR CHINA AND CATHAY TO LAUNCH CARGO VENTURE

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AIR CHINA AND CATHAY TO LAUNCH CARGO VENTURE

Air China and Cathay Pacific is close to launching its jointly owned cargo airline agreed upon in February. The existing airfreight carrier Air China Cargo Co Ltd (ACC), previously a wholly owned subsidiary of Air China, has been split between the two companies with Cathay investing around $260 mill...

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