CHINA Eastern Airlines may in future cooperate with Sinotrans Ltd in the air cargo services sector, according to China Business News.
Its report cited an unidentified source as pointing out that in the absence of any "substantive cooperation" being established between the two companies so far, "both hope to do so in the air cargo businesses, " said a Xinhua report.
The Xinhua report said: "Sinotrans seeks to develop its air cargo businesses by making use of the air transportation capacity of China Eastern through the cooperation. It aims to put more capital and resource in building its ground transportation network in the future."
China Eastern is the controlling shareholder of China Cargo Airlines Limited, while Sinotrans has a stake in the joint venture Grandstar Cargo International Airlines Co Ltd that was co-founded by its listed subsidiary Sinotrans Air Transportation Development Co Ltd and Korean Air. |