Cathay, Air China in cargo venture talks
Cathay Pacific and Air China are reportedly in talks to start a joint air cargo venture, according to a report Tuesday by Bloomberg.
The venture would see Hong Kong-based Cathay provide five or six aircraft and Beijing-based Air China provide seven. The two airlines maintain stakes in each other's business. Air China is Cathay's second-largest shareholder, with a 30 percent stake, while Cathay owns 18 percent of state-owned Air China.
Spokespersons for both airlines confirmed to Bloomberg that talks were ongoing but declined to elaborate.
Cathay, Air China in cargo venture talks
