Air China to buy East Star

AIR China is set to buy East Star Airline. The Chinese carrier is also in negotiations with Cathay Pacific and China Cargo Air – a subsidiary of China Eastern – to establish a joint venture cargo airline in Shanghai.

Kong Dong, chairman of Air China and general manager of Air China Group, said that the deal is almost finalised.

East Star has three A319-100s and six A320-200s operating on 10 routes from Wuhan, China. Estimates place East Air having a debt of 3.8 million yuan with Hangzhou Xiaoshan Airport.

The joint venture has been under way with Cathay Pacific for a while but China Eastern is a recent inclusion.

Share this story

Related Topics

Latest news

Cargolux and DSV Panalpina to increase China freighter services

By Damian Brett

Cargolux and DSV Panalpina will increase freighter capacity to China over the coming weeks as production lines resume operations. The…

Read More

Share this story

Swissport achieves CEIV pharma first for Africa

By Damian Brett

Swissport has become the first globally operating air cargo handler to receive the CEIV Pharma certification for a facility in…

Read More

Share this story

Qatar Cargo freighters join coronavirus relief efforts

By Damian Brett

Five Qatar Airways Cargo freighters departed to China today carrying approximately 300 tonnes of medical supplies donated by the airline…

Read More

Share this story