Saturday 31 March 2012

Air China and Cathay Pacific establish airport ground handling joint venture in Shanghai

Shanghai Airport Authority, Shanghai International Airport Co., Ltd., Air China Limited and Cathay Pacific Airways announced the establishment of a joint venture company in Shanghai for the provision of airport ground handling services at Shanghai Pudong International Airport and Shanghai Hongqiao International Airport.

The joint venture company – Shanghai International Airport Services Co., Limited – will be 41% owned by Shanghai International Airport Co., Ltd and 10% by Shanghai Airport Authority which is the majority shareholder of Shanghai International Airport Co., Ltd. Air China and Cathay Pacific’s wholly owned subsidiary Hong Kong Airport Services Limited (“HAS”) will hold 24% and 25% of the joint venture company respectively. 



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