Seoul-based Korean Air Lines Co. has won preliminary approval to set up an US$65m venture with three other partners in China. The airline will spend US$16.25m on a 25 percent stake in the venture, named Galaxy International. Sinotrans Air Tranportation Development Co. will invest US$33.15m for a 51 percent stake, while the rest will be shared by investment fi rms Hana Capital and Shilan Capital.
Related Articles
Xeneta reports resilient air cargo market despite July IT outage
Lufthansa Cargo presents commitment to transforming the aviation industry
Lufthansa Cargo continues to rely on the cargo handling services of Vienna Airport
Vietjet Air Cargo, Teleport deepen partnership with exclusive commercial rights on first key lane
Budapest Airport Revolutionises Cargo Operations With Kale Info Solutions’ Airport Cargo Community System
RTX’s Pratt & Whitney announces GTF MRO capacity expansion at West Palm Beach facility