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Report
China's two largest cargo airlines - Air China Cargo Co and China Cargo
Airlines Ltd - are set to merge before the end of September, with Hong Kong
Dragon Airlines to join them later this year marks the beginning of consolidation
within the China market after years of service expansion in the market mostly
by foreign carriers It also signals realization that in order to compete with the global airline community, China flags are better off together at this point than going it alone. Forming a new entity the three carriers believe offers the potential to become a top five global cargo airline. Whether or not that happens depends on several factors not the least of which is getting some breathing room from the onslaught of foreign carriers willing to fly just about anywhere to get a piece of China. At this point in time about two thirds of the country's air cargo volume is handled by foreign carriers, and that number is still going up. Air China Cargo's shareholders are Air China, CITIC Pacific Ltd and China Capital Airport Holding Co, which hold 51 pct, 25 pct and 24 pct stakes, respectively. China Cargo Airlines were established in 1998 by China Eastern and China Ocean Shipping (Group) Co (COSCO Group), with China Eastern holding a 70 pct stake and China Ocean Shipping holding the remaining 30 pct. Air China subsidiary China National Aviation Co Ltd is Dragonair's biggest shareholder, with a 43.29 pct stake. Meantime yet to be heard from are potentially scores of entrepreneurs within China eager to get into the airline game. |
In
an air cargo business that spends a lot of time talking about keeping
track, this little number may be too cool for school . . . Lansmont
Corporation in California, USA says it has the next generation
in portable, self-powered environmental recording instruments. Korean
Air Cargo launches a thrice-weekly
Incheon-Los Angeles-Seattle
B747-400F service later this week on Thursday June 1. The flight is about the Boeing, Microsoft and Starbucks, and auto part traffic shipped from the gateway. Korean Air has been providing air cargo service via belly lift aboard four weekly passenger flights calling at Seattle since last year. |
![]() A highlight included a report from Des Vertannes, who joined the airline recently as Head of Cargo unveiling priorities for Gulf’s cargo business. |
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![]() ![]() AMB Property Corporation that operates cargo terminals all over the place said Mark P. Sabatino (left) has been named Vice President, Regional Manager of Chicago (USA) and Minneapolis responsible for the overall operations of AMB Chicago and Minneapolis portfolio. Also Mark A. Saturno (right) has joined AMB Property Corporation as Vice President, Midwest Acquisitions, responsible for expanding AMB’s industrial portfolio throughout Chicago and Minneapolis. Although nothing is for certain, figuring where these guys might prefer to eat lunch should be easy. Ciao baby! |
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