Forbes logo Forbes 1 month ago

Air China Leads Cathay Into Shanghai

HONG KONG -- The relationship between Air China and Cathay Pacific Airways appears to be growing even closer. China's biggest airline is closing in on a deal for a 51% stake in the proposed cargo joint venture to be based in Shanghai. Full Article at Forbes

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  1. AIR China and Hong Kong's Cathay Pacific Airways will jointly set up China's biggest cargo joint venture in Shanghai next spring as the two carriers eye the booming cargo demand in the city. Full Article at Shanghai Daily

  2. Oct. 28 (Bloomberg) -- China Southern Airlines Co. , the nation’s biggest domestic carrier, will expand overseas flights in anticipation of a high-speed rail network causing traffic to decline on about a quarter of its internal routes. Full Article at Bloomberg.com

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    Chief executives from several of the world's largest airlines scurried between New York hotels and the Big Apple's airports this week, all to publicize what they consider to be a big deal: The defection of Continental Airlines to the Star Alliance. Full Article at Conde Nast Portfolio

  4. TOKYO (MarketWatch) -- Although a number of major airlines in Asia have already reached 52-week highs in recent months, they may be poised for further gains as strength in the region's currencies and signs of a global economic recovery feed analysts' Full Article at MarketWatch

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  1. Kong Dong, chairman of Air China, attends a news conference in Hong Kong August 27, 2009. Air China, flying high on a new investment and a strong second-quarter, warned of potential weakness facing the industry as the global economic downturn continues to squeeze air and cargo traffic.
  2. Migrant labourers work at a construction site near The Bund on the banks of the Huangpu River in Shanghai December 9, 2009.
  3. SHANGHAI, CHINA - DECEMBER 07:    Ruud Gullit attends the press conference to announce that the Barbin Beer to be the official beer of the FIFA World Cup South Africa to China on December 7, 2009 in Shanghai, China.
  4. SHANGHAI, CHINA - DECEMBER 01:   South Korean group Wonder Girls perform during their concert at Shanghai Grand Stage on December 1, 2009 in Shanghai of China.

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