When the Global Economy is Not Okay For Your Chinese Partner (update)

Tuesday, January 6, 2009 9:29
Posted in category China Logistics, Invest in China
Comments Off on When the Global Economy is Not Okay For Your Chinese Partner (update)

A quick update to my article last month When the Global Economy is Not Okay For Your Chinese Partner.

FedEx ultimately decided on December 18, 12 days after Okay suspended its passenger service, to pull their traffic off Okay, and that has put Okay’s business in a precarious position:

Consequently, Okay Airways lost a steady moneymaker, the chairman disclosed in an interview on December 31.

The business with FedEx was a pivotal component of Okay Airways’ operations, he added. It could stably bring his company a revenue of CNY more than 20 million a month, thus, its Hong Kong investors showed an interest in it.

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