THE Civil Aviation Administration of China (CC) has unveiled a list of 28 aviation projects seeking private investment, including Ezhou Civil Airport and Air China Cargo, both of which aim to win billions of dollars in new investments
THE Civil Aviation Administration of China (CC) has unveiled a list of 28 aviation projects seeking private investment, including Ezhou Civil Airport and Air China Cargo, both of which aim to win billions of dollars in new investments. The Ezhou Civil Airport project is seeking US$5.4 billion in private investment. The airport will accommodate both passenger and air cargo and it will be the future site of Shenzhen-based SF Express' global air cargo logistics hub.
China National Aviation Holding Co, which owns a majority stake in Beijing-based Air China and its logistics subsidiary Air China Cargo, is looking to sell a stake in the air logistics company for $1.5 billion in pursuit of a government-mandated 'mixed-ownership' reform, reported New York's Air Cargo World.
Other sectors targeted for private investment include aircraft maintenance, aviation rescue, unmanned aerial vehicle (UAV) logistics and airborne data communications.
Air China Cargo will be following in the footsteps of Shanghai-based China Eastern Airlines, whose parent China Eastern Air Holding Company (CEA Holding) launched the process of divesting its cargo and logistics operations from the passenger airline in 2017.
In February 2017 China Eastern Airlines sold its Eastern Air Logistics (EAL) cargo subsidiary, which owns freighter-operator China Cargo Airlines and manages the belly space on China Eastern Airlines' passenger aircraft, back to its parent CEA Holding. CEA Holding then sold off a 45 per cent stake in EAL to four companies.
