Air Transport World

Air China.(CARGO)

Air China intends to make Air China Cargo its wholly owned subsidiary and is negotiating with Beijing Capital Airport to purchase the latter's 24% stake in the country's largest cargo carrier. The unit reported a net loss of CNY382 million ($53.4 million) in the first nine months of 2007.

CA attributed the results to "an increase of freighters that resulted in low aircraft utilization rates" and "management problems. …

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