China Eastern buys into Great Wall Airlines

ALL-cargo carrier Great Wall Airlines (GWL) is assuring customers that a recent change in majority ownership will not affect the company’s operations.

China Eastern Air Holding Company, the parent of China Eastern Airlines, has acquired a 51 per cent stake in GWL, which was previously held by Beijing Aerospace Satellite Applications Corporation.

This brings the total number of cargo airlines that China Eastern runs to three: China Cargo Airlines, Great Wall Airlines and Shanghai Airlines Cargo.

The other shareholders in GWL, namely Singapore Airlines Cargo and Dahlia Investments, remain invested with a 25 per cent and 24 per cent stake respectively.

“It is business as usual,” said GWL president, Kuah Boon Kiam. “We remain committed to helping to serve the growing trade ties between China and markets in Europe, the United States and Asia.”

However, China Eastern’s director Luo Zhuping said: “The three [cargo] airlines will be merged finally, but we have yet to map out [a] detailed plan or timetable.”

GWL is based at Shanghai’s Pudong International Airport and operates a fleet of three 747-400 freighters.

Share this story

Related Topics

Latest news

Global trade bounces back while interest in nearshoring recedes

By Damian Brett

Trade has bounced back to pre-pandemic levels while interest in the regionalisation of supply chains has receded, according to the…

Read More

Share this story

DB Schenker extends with Atlas Air

By Damian Brett

DB Schenker has extended its partnership with Atlas Air for charter flights on the transpacific. The partners did not reveal…

Read More

Share this story

Emirates SkyCargo adopts PROS for dynamic pricing

Emirates SkyCargo has signed up to use the PROS Platform in order to develop real-time dynamic pricing for its online…

Read More

Share this story