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Korean Air takes cargo joint venture with Sinotrans

Shanghai , China - Company's hub will be at Tianjin

A new cargo operator will come out from the joint venture between Korean Air and logistic company Sinotrans. The new company will have a own aircraft fleet, probably from Koren Air's planes converted to cargo. The expected capital worth 65 USDm with a 51% Sinotrans quote, with a participation of other stakeholders, like Hana Capital (13%) and Shinhan Capital (11%). Sinotrans joint also an agreement...

AVIONEWS - World Aeronautical Press Agency - 1076940

AVIONEWS - World Aeronautical Press Agency