Air China To Sell Its 51% Stake In Air China Cargo

Credit: Rob Finlayson
SYDNEY—Air China plans to sell its 51% direct shareholding in Air China Cargo, citing intense competition in the airfreight industry. The buyer is Air China’s parent, the government’s China National Aviation Capital Holding Co. Ltd., which will pay CNY2.4 billion ($350 million) for the stake, Air...
Bradley Perrett

Bradley Perrett covered China, Japan, South Korea and Australia. He is a Mandarin-speaking Australian.

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