Air China to sell 51% stake in cargo subsidiary on competition concerns

Credit: Air China Cargo
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., which will pay CNY2.4 billion ($350 million) for the stake, Air China said in...
Bradley Perrett

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

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