国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Industries

China's cargo carriers merge to form Asia's largest freight company

(Agencies) Updated: 2015-06-26 07:15

China's cargo carriers merge to form Asia's largest freight company

Workers load packages onto a cargo aircraft at Nantong airport, East China's Jiangsu province, Sept 4, 2013. [Photo/IC]

China's three largest airline cargo carriers will merge to form Asia's largest freight transport company, according to a senior official at the Civil Aviation Administration of China.

The three merging companies are Air China Cargo, China Cargo Airlines and China Southern Cargo, the Xinhua news agency quoted Zhou Laizhen, CAAC deputy administrator, as saying on Wednesday.

Zhou was also quoted on Thursday on the website of People's Daily as saying the companies were pushing ahead with the merger.

The reports did not provide a timeline or valuation for the deal.

"As far as I know, I am not aware of this development and I have never heard of this news," Titus Diu, the chief operating officer of Air China Cargo, said.

The CAAC declined to comment, a spokeswoman said.

Calls seeking comment from China Cargo Airlines and China Southern Cargo went unanswered.

Air China Cargo is a joint venture freight project between Air China Limited and Cathay Pacific Airways Limited. It has registered capital valued at 3.24 billion yuan and over 4,200 employees, its website shows.

China Cargo Airlines is a venture between China Eastern and China Ocean Shipping Company (COSCO). It has 950 million yuan in registered capital, according to its website.

China Southern Cargo is part of China Southern Airlines.

Related Story:

Belt and Road Initiative takes to the skies by Zhao Lei from China Daily

Civil aviation projects to increase regional connectivity with investment of $32b

About 200 billion yuan ($32 billion) will be spent to develop civil aviation projects linked to the Belt and Road Initiative.

"At the start of this year, we began to implement 51 important projects that are closely related to the Belt and Road Initiative, with an estimated cost of 200 billion yuan," Li Jiaxiang, director of the Civil Aviation Administration of China, said at the 2015 China Civil Aviation Development Forum that opened on Wednesday in Beijing.

More than 400 government officials, international organization representatives, industry leaders and experts from 24 nations and regions are taking part in the two-day meeting.

China built 15 new airports and expanded 28 existing ones in provinces involved in the initiative during the past two years, he noted. A total of 4.7 billion yuan was allocated to these provinces over the same period to upgrade air traffic control installations and equipment, he said.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
当雄县| 昭通市| 武安市| 山丹县| 广州市| 安图县| 高台县| 辽源市| 犍为县| 阳曲县| 大悟县| 宜君县| 朝阳市| 蕲春县| 裕民县| 磐石市| 项城市| 贞丰县| 永年县| 繁昌县| 确山县| 会泽县| 黔西| 巴彦县| 蕲春县| 会东县| 贺兰县| 肇州县| 固镇县| 井冈山市| 五华县| 安多县| 留坝县| 津南区| 安图县| 新巴尔虎右旗| 民丰县| 棋牌| 长治县| 宁河县| 门源|