Cathay Buys Into Cargo
Tuesday, April 17, 2007 5:14Comments Off on Cathay Buys Into Cargo
Following recent investments by FedEx, TNT and others, Cathay has proven once again that this is going to be a busy year for logistics in China.
Partnering with Air China (51%), Cathay Pacific Airlines (49%) will buy out CITIC and Beijing Capital Airport and move the a hub to Shanghai (I am sure UPS and DHL will take comfort in that) that will be able to process 1.2 million tons a year.
You can follow any responses to this entry through the RSS 2.0 feed.
Both comments and pings are currently closed.
