Air China Cargo to receive capital injection
Credit: Rob Finlayson
Air China and Cathay Pacific Airways are expected to increase capital contributions to their cargo joint venture (JV) Air China Cargo. Air China will add CNY1.02 billion ($165 million), comprising four Boeing 757s worth CNY172.2 million and CNY847.78 million in cash, to hold 51% stakes in the JV...
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