Cathay Buys Into Cargo

Tuesday, April 17, 2007 5:14
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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.

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