Air China Cargo takes to the skies
08 / 05 / 2011
AIR China and Cathay Pacific’s joint venture, Air China Cargo (ACC), has taken off.
The new joint venture cargo airline will serve as a link between China and Europe. Its first flight, on a 747-400, took place at the end of April from Chengdu to Shanghai (China).
Shipments from Europe can be quickly transported to Chengdu, which can then be easily transported through the Air China hub in Shanghai to the rest of the world.
ACC has also launched a Milan (Italy)-Chengdu-Shanghai shipping route. The route is flown twice weekly using 747-400 freighters.
ACC currently has nine 747-400 freighters in its fleet, the most of any airline operating in China’s civil aviation industry. The company is looking to boost that to 12 in the coming months.
Under the ACC joint venture Air China has a 51 per cent equity interest, while the Cathay Pacific Group has a 25 per cent stake together with a 24 per cent economic interest.
