Singapore Airlines Cargo (SIA Cargo) and Concord Pacific - an EVA Airways affiliate company - are to each acquire a 16 per cent stake in Shanghaibased China Cargo Airlines following agreements reached in December. The deals remain subject to a number of regulatory and other approvals. The aim is to reorganise China Cargo Airlines into a limited liability Chinese-foreign equity joint venture company. The much anticipated consolidation in China's air cargo industry appears to be now in full … [Read more...] about CHINA: SIA and EVA to buy shares in China Cargo Airlines